Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Global poverty rate drops to record low 10 pct.

World Bank: Global poverty rate drops to record low 10 pct.

The World Bank said Wednesday that 10 percent of the world’s population lived on less than $1.90 a day in 2015 — the last year for which numbers were available — down from 11.2 percent in 2013. That means 735.9 million people lived below the poverty threshold in 2015, down by 68.3 million from 804.2 million two years earlier.

Still, the bank warned that the pace of poverty reduction has slowed, jeopardizing its goal of reducing the poverty rate to 3 percent by 2030.

Poverty dropped everywhere but the Middle East and North Africa, where conflicts . . .

Read Full Story

Related Posts

German diver rescued after emergency near Cabo Arch

German diver rescued after emergency near Cabo Arch

Navy crews rescued and stabilized a 55-year-old German diver after a suspected pulmonary emergency near...
Puerto Vallarta Says Hotel Bookings Hold Steady

Puerto Vallarta Says Hotel Bookings Hold Steady

Puerto Vallarta says hotel cancellations have not surged after February violence, though short-term rentals slipped...
Oil, gas and the dollar rise as volatility returns

Peso slips as oil and dollar rise on conflict signals

Oil and gas climbed and the dollar strengthened as Middle East headlines revived risk-off trading,...
Cancún weighs offshore barges to intercept sargassum

Cancún weighs offshore barges to intercept sargassum

Cancún officials are looking beyond shoreline rakes and tractors as early sargassum arrivals test the...