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Oxfam rebukes G7 for major aid cuts
The relief organization Oxfam criticized the G7 countries for cutting development aid budgets by $48 billion between 2024 and 2025, despite oil companies' profits surpassing $400 million daily during the Iran war. The organization called for increased aid, the implementation of taxes on wealth and excessive profits, and urged for the suspension and cancellation of debts for low- and middle-income countries. It emphasized that these largest cuts in the group's history come amid a worsening humanitarian catastrophe since France took over the summit's presidency.
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