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Chairman says Samsung to focus on new products

South Korea’s Samsung Electronics will this year focus on developing new products and tapping into new businesses to get ahead of competitors amid the global economic slowdown, its chairman said Monday. Lee Kun-Hee, in a New Year’s speech to employees, said existing businesses would experience a stagnation in growth, and that new…

Angry at World Bank, Ecuador leader exits summit

Ecuador’s leftist president stormed out of a summit of leaders of Latin America, Spain and Portugal on Saturday, demanding apologies from a World Bank representative. Leaders from Spanish and Portuguese-speaking nations wrapped up a two-day event here on how to weather the effects of the global economic slowdown. President Rafael…

Wary on Greece, EU mulls deepening bailout fund

Greece and the euro are facing a tough week as European Union and IMF experts resume an audit of progress on cutting the public deficit and reforming the economy, with default threatening. The EU and IMF will decide on the basis of the audit whether to release the next slice…

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