Analysts found 3.4 billion people are living on less than $5.50 a day [File: Ibraheem Abu Mustafa/Reuters]

The world’s 26 richest people own the same wealth as the poorest half of humanity, according to Oxfam International, as it urged governments to rise taxes on the wealthy to fight soaring inequality.

Billionaires around the world, who have almost doubled in number since the 2008 global financial crisis, saw their combined fortunes grow by $2.5bn

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