Word: steels
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...Exporters will get off relatively lightly, because most are located in warmer coastal provinces near ports, says Stephen Green, senior economist at Standard Chartered Bank in Shanghai. Hardest hit will be producers that rely heavily on electricity such as aluminum and steel makers. But few companies will escape unscathed. Million Freight, a logistics company based in the normally balmy southern city of Shenzhen, was forced to stop taking new shipments on Jan. 28 because existing freight was stacking up. "Nearly all trains coming in and leaving from Shenzhen are delayed by seven or eight hours," says an executive...
...Beyond the turmoil and political intrigue looms the very real chance that Nepal might join the region's sorry list of failing states - populated already by Bangladesh, Sri Lanka and Pakistan. Besides forging alliances and staging elections, the country and its politicians need to steel themselves for the thorny task of drafting a constitution that reconciles its feuding factions and enfranchises all its kaleidoscope of ethnic groups. "This is a crisis hundreds of years in the making," says S.D. Muni, a Nepal scholar formerly at Jawaharlal Nehru University in New Delhi. "Whole groups have never been in the political structure...
...Energy-intensive sectors such as aluminum, steel and cement have been vocal about their fears that they could lose business to countries with less stringent rules on carbon emissions. As a result, the plan raises the prospect of carbon tariffs on imports from countries that fail to sign up to a global climate change deal, such as the U.S. and China. "We want industry to remain in Europe. We don't want to export our jobs to other parts of the world," Barroso said...
...owned by foreigners who paid more for them than most people make over five lifetimes. The house next door, which has a pool under the driveway, is owned by an Arab family who bought it for $20.5 million. And a few minutes' walk away, in Kensington Palace Gardens, Indian steel magnate and Britain's richest man Lakshmi Mittal owns a manse that's reportedly worth about $112 million...
...stench of smoke, the crunching of shattered glass underfoot, pools of black oil from destroyed vehicles, smeared gouts of congealing blood, wide-eyed and angry soldiers and police thrusting back crowds of journalists and onlookers. The car suspected of carrying the bomb was a twisted sculpture of fire-blackened steel. A second car, containing the bodies of two of the victims, appeared to have taken the brunt of the explosion as it tried to pass the embassy vehicle. A third body, limbs blasted to bloody stumps, lay facedown on the road. To the east, the snow-capped peak of Mount...