'It's a new common sense' Oxfam calls on governments to do more to tax the rich

France 24Wednesday, October 15, 2025 at 9:47:09 PM
'It's a new common sense' Oxfam calls on governments to do more to tax the rich
Oxfam is urging governments to reconsider wealth taxes, highlighting the stark reality that the richest 1% possess more wealth than the bottom 95% combined. Susana Ruiz, Oxfam's Tax Policy Lead, emphasizes that taxing the wealthy is becoming a necessary approach in today's economic landscape. This call for action is particularly relevant in France, where the debate over wealth taxation is intensifying. Additionally, concerns are being raised about Elon Musk's Starlink and its potential role in facilitating online scams in Southeast Asia, adding another layer to the discussion about corporate responsibility.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
French Bonds Face Risk of Forced Sales If Credit Score Cut Again
NegativeFinancial Markets
France's bond market is facing renewed uncertainty as looming credit-rating decisions could lead to forced sales if the country's credit score is cut again. This situation is concerning for investors, as it may destabilize the market and affect the overall economic landscape in France.
French Bonds Face Risk of Forced Sales If Credit Score Cut Again
NegativeFinancial Markets
France's bond market is facing renewed uncertainty as looming credit-rating decisions could lead to forced sales if the country's credit score is cut again. This situation is concerning for investors, as it may destabilize the market and affect the overall economic landscape in France.
Ardian Sees Europe as 'Stable place' as Firm Raises $20 Billion for Infrastructure
PositiveFinancial Markets
Ardian, a prominent French investment firm, has successfully raised $20 billion for its infrastructure platform, highlighting a growing interest in European investments. The firm's head of infrastructure, Mathias Burghardt, noted that investors are eager to diversify their portfolios in Europe, which is perceived as a stable environment for investment. Despite expressing some frustration over political instability in France, Burghardt's comments reflect a positive outlook on the region's investment potential, making this development significant for both investors and the European economy.
Ardian Sees Europe as 'Stable place' as Firm Raises $20 Billion for Infrastructure
PositiveFinancial Markets
Ardian, a prominent French investment firm, has successfully raised $20 billion for its infrastructure platform, highlighting a growing interest in European investments. The firm's head of infrastructure, Mathias Burghardt, noted that investors are eager to diversify their portfolios in Europe, which is perceived as a stable environment for investment. Despite expressing some frustration over political instability in France, Burghardt's comments reflect a positive outlook on the region's investment potential, making this development significant for both investors and the European economy.
European stocks slip lower; French politics and U.K. growth in focus
NegativeFinancial Markets
European stocks have taken a downturn as investors closely monitor the political landscape in France and economic growth in the UK. This decline reflects growing concerns about stability in the region, which could impact market confidence and investment decisions. Understanding these dynamics is crucial for investors looking to navigate the current economic climate.
European stocks slip lower; French politics and U.K. growth in focus
NegativeFinancial Markets
European stocks have taken a downturn as investors closely monitor the political landscape in France and economic growth in the UK. This decline reflects growing concerns about stability in the region, which could impact market confidence and investment decisions. Understanding these dynamics is crucial for investors looking to navigate the current economic climate.
Markets relieved, but France’s fiscal fire still burns
NeutralFinancial Markets
Markets are showing signs of relief as investors react to recent developments in France's fiscal policy. However, the underlying issues of high debt and budget deficits continue to pose challenges for the French economy. This situation is significant as it affects not only France but also the broader European market, highlighting the delicate balance between fiscal responsibility and economic growth.
Markets relieved, but France’s fiscal fire still burns
NeutralFinancial Markets
Markets are showing signs of relief as investors react to recent developments in France's fiscal policy. However, the underlying issues of high debt and budget deficits continue to pose challenges for the French economy. This situation is significant as it affects not only France but also the broader European market, highlighting the delicate balance between fiscal responsibility and economic growth.
‘Of course it’s a bubble’: AI start-up valuations soar in investor frenzy
PositiveFinancial Markets
The recent surge in AI start-up valuations, with ten groups including OpenAI and Elon Musk's xAI nearing a staggering $1 trillion in value, highlights the intense investor enthusiasm surrounding artificial intelligence. This unprecedented funding not only reflects the growing confidence in AI technologies but also raises questions about sustainability and potential market corrections. As these companies continue to innovate, their impact on various industries could be transformative, making this a pivotal moment in the tech landscape.
‘Of course it’s a bubble’: AI start-up valuations soar in investor frenzy
PositiveFinancial Markets
The recent surge in AI start-up valuations, with ten groups including OpenAI and Elon Musk's xAI nearing a staggering $1 trillion in value, highlights the intense investor enthusiasm surrounding artificial intelligence. This unprecedented funding not only reflects the growing confidence in AI technologies but also raises questions about sustainability and potential market corrections. As these companies continue to innovate, their impact on various industries could be transformative, making this a pivotal moment in the tech landscape.
Long Battle Over Elon Musk’s Tesla Pay Moves Closer to a Resolution
NeutralFinancial Markets
The Delaware Supreme Court is currently deliberating on a significant case regarding Elon Musk's multibillion-dollar compensation package as CEO of Tesla. This long-standing dispute centers on whether Musk's pay is fair to shareholders, a matter that could set important precedents for executive compensation in the future. The outcome of this case is crucial as it not only affects Tesla's financial landscape but also has broader implications for corporate governance and accountability.
Long Battle Over Elon Musk’s Tesla Pay Moves Closer to a Resolution
NeutralFinancial Markets
The Delaware Supreme Court is currently deliberating on a significant case regarding Elon Musk's multibillion-dollar compensation package as CEO of Tesla. This long-standing dispute centers on whether Musk's pay is fair to shareholders, a matter that could set important precedents for executive compensation in the future. The outcome of this case is crucial as it not only affects Tesla's financial landscape but also has broader implications for corporate governance and accountability.
Latest from Financial Markets
Amazon is selling a $400 assembly-free cloud sofa with a perfect 5-star rating for only $270
PositiveFinancial Markets
Amazon has launched a fantastic deal on its assembly-free cloud sofa, originally priced at $400, now available for just $270. This stylish and comfortable couch, which boasts a perfect 5-star rating, comes in three beautiful colors, making it an attractive option for anyone looking to upgrade their living space. This sale not only highlights the quality of the product but also offers consumers a great opportunity to enhance their home decor without breaking the bank.
Bank of England survey shows credit availability rising in UK
PositiveFinancial Markets
A recent survey by the Bank of England indicates that credit availability is on the rise in the UK, which is a positive sign for both consumers and businesses. This increase in credit can stimulate economic growth, allowing individuals to make significant purchases and companies to invest in expansion. As the economy continues to recover, this trend could lead to more job creation and improved financial stability for many.
Portugal’s electricity regulator proposes 1% tariff increase for 2026
NeutralFinancial Markets
Portugal's electricity regulator has proposed a 1% increase in tariffs for 2026, a move that could impact consumers and businesses alike. This adjustment is part of ongoing efforts to balance energy costs and ensure the sustainability of the electricity market. While the increase is modest, it highlights the challenges faced in the energy sector and the need for regulatory measures to maintain service quality.
JPMorgan initiates Wacom stock with Overweight rating on improved profitability
PositiveFinancial Markets
JPMorgan has initiated coverage of Wacom with an Overweight rating, highlighting the company's improved profitability. This is significant as it reflects confidence in Wacom's financial health and growth potential, which could attract more investors and positively impact the stock market.
JPMorgan upgrades Jumbo Interactive stock to Overweight on diversification
PositiveFinancial Markets
JPMorgan has upgraded Jumbo Interactive's stock rating to Overweight, highlighting the company's successful diversification strategy. This move is significant as it reflects confidence in Jumbo's ability to navigate market challenges and capitalize on new opportunities, potentially leading to increased investor interest and stock performance.
Chrysos stock initiated with Buy rating by Goldman Sachs on PhotonAssay growth
PositiveFinancial Markets
Goldman Sachs has initiated coverage of Chrysos Corporation with a 'Buy' rating, highlighting the company's innovative PhotonAssay technology as a key driver for growth. This endorsement is significant as it reflects confidence in Chrysos's potential to revolutionize gold analysis in the mining sector, which could lead to increased investor interest and market performance.