The Great Recession of 2008/09 delivered the worst blow to the global economy since the 1930s. But in a few nations, 2012 is turning out to be worse than 2009 in terms of economic growth. Europe's debt crisis, the general slowing of the world economy, and domestic political troubles have played a role in undercutting 2012 growth for one or more of these four nations. Can you guess who they are?
At a summit next week, the five 'emerging economies' of Brazil, Russia, India, China, and South Africa – BRICS – will launch their first project: a development bank. It can only work, however, if it runs on similar principles of the World Bank.
On Monday, Samsung announced the addition of four new smart phones to its line of Galaxy devices. Samsung is currently the world's leading smart phone maker, but competitor Apple has been making moves to gain on the South Korean tech giant, particularly in emerging markets.
Investors from South Korea to Brazil and from India to South Africa are the new kids on the African block. Nor have old investors like the US, UK, France and Australia pulled out.