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Govt to Compensate Highway Builders for Soaring Diesel Costs
Developing
Business·4d agoAI summary

Govt to Compensate Highway Builders for Soaring Diesel Costs

The Indian government will compensate highway builders for a nearly 71% surge in bulk diesel prices over three months, aiming to shield them from increased expenditure due to the West Asia conflict. A new policy will soon be released, allowing agencies to pay the difference between base and prevailing diesel rates. This follows a significant increase in bitumen prices and a slowdown in highway construction, with a parliamentary panel recommending measures like bitumen reserves and alternative sourcing.

T
Times of India
Hong Kong Tycoon Yu Guochun: Overseas Chinese Evolving from 'Bridge Builders' to 'Co-builders' of Belt and Road
World
6/2/2026AI summary

Hong Kong Tycoon Yu Guochun: Overseas Chinese Evolving from 'Bridge Builders' to 'Co-builders' of Belt and Road

Hong Kong tycoon Yu Guochun stated that overseas Chinese are evolving from traditional 'bridge builders' to 'co-builders' of the Belt and Road Initiative, acting as connectors for economic and trade cooperation and facilitators of cultural exchange. He emphasized their unique advantage in bridging China and the world, aiding Chinese brands in localization and cultural dissemination through 'small yet beautiful' livelihood projects.

中国新闻网
Meta to lay off 8,000 employees this month, CEO Mark Zuckerberg's clear message for staff
NEWS
5/11/2026

Meta to lay off 8,000 employees this month, CEO Mark Zuckerberg's clear message for staff

Meta is cutting 8,000 jobs on May 20 as CEO Mark Zuckerberg rebuilds the company around small, AI-powered teams. With capex hitting a record $125–145 billion this year, CFO Susan Li admitted there's no clean answer for what Meta's ideal headcount even looks like anymore. The company wants builders who can ship alone what teams once built together—and is letting everyone else go.

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Times of India
Meta to cut 8,000 jobs and CEO Mark Zuckerberg is making priorities clear for all employees
NEWS
5/11/2026

Meta to cut 8,000 jobs and CEO Mark Zuckerberg is making priorities clear for all employees

Meta is cutting 8,000 jobs on May 20 as CEO Mark Zuckerberg rebuilds the company around small, AI-powered teams. With capex hitting a record $125–145 billion this year, CFO Susan Li admitted there's no clean answer for what Meta's ideal headcount even looks like anymore. The company wants builders who can ship alone what teams once built together—and is letting everyone else go.

T
Times of India