Billionaire wealth surged by $2 trillion in 2024, growing three times faster than the previous year, as global inequality widened, Oxfam reported during Davos. The group warns of a "new aristocracy," with at least five trillionaires expected by 2034.

Billionaire’s wealth has grown faster last year, and now the world can expect at least five trillionaires within a decade, even as the number of people in poverty has barely budged since 1990

Billionaires' wealth soared in 2024, a top anti-poverty group said ahead of an annual gathering in Davos, Switzerland of some of the world's political and financial elite.

EU chief Ursula von der Leyen said the 27-nation bloc will stick to the landmark Paris climate accord, despite President Trump's decision to withdraw from the agreement.

Officials and business executives at the annual gathering in Switzerland said the fight against global would continue with or without the United States.

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