Extreme wealth and extreme poverty have increased simultaneously for the first time in 25 years, according to research The world’s 722 biggest companies collectively are making more than $1 trillion a year in windfall profits on the back of soaring energy prices and rising interest rates, according to research by development charities Oxfam and ActionAid. Their analysis of Forbes’ Global 2000 rankings showed the corporations made $1.09 trillion in windfall profits in 2021 and $1.1 trillion in 2022, with an 89% jump in total profits compared to average total profits in 2017-2020. The study, published on Thursday, d
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