Extreme poverty ‘to fall below 10pc’

WASHINGTON: The World Bank declared on Monday that for the first time in history those living in extreme poverty will be less than 10 per cent of the world population by the end of this year. The bank is using a new income figure of $1.90 per day to define extreme poverty, up from $1.25. It forecasts that the proportion of the world’s population in this category will fall from 12.8pc...