Surging billionaire wealth a political threat, Oxfam warns as Davos opens

US President Donald Trump's policies in particular spurred the fortunes of the ultra-rich, which jumped 16.2 percent in the first year of his second term to $18.3 trillion, the NGO said in a report released each year ahead of the Davos forum. "Actions of the Trump presidency including the championing of deregulation and undermining agreements to increase corporate taxation have benefited the richest around the world," Oxfam said. The world now has more than 3,000 billionaires for the first time...