Illiteracy is “a worldwide crisis” that will cost the global economy $1.2tn (£760bn) this year, the World Literacy Foundation (WLF) has warned. More than 796 million people are either completely illiterate, meaning they can’t read or write, or functionally illiterate, meaning they can’t perform basic tasks such as reading a medicine label, the WLF said in a report released on Monday (pdf).
Thousands of so-called "politically exposed persons", or PEPs - a category that includes heads of state and other top officials - hold Swiss bank accounts, a Swiss foreign ministry official said yesterday (24 August).
Paraguay, which holds the rotating presidency of Mercosur, will host representatives of Argentina, Brazil and Uruguay, to formulate a common position on a trade agreement with the European Union, the Paraguayan Foreign Ministry announced.
Norway's gigantic sovereign wealth fund announced yesterday (17 August) it was divesting from four large Asian companies over the environmental damage their palm oil activities have on tropical forests.
Up to 50 migrants went missing after a large rubber dinghy sank in the Mediterranean Sea, Italian rescuers said on Wednesday (12 August), while more than 1,500 were picked up from other vessels in the past 24 hours.