Business Roundup | Glenrock Gazette

Business Roundup

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BlackRock, KKR Acquire 40% Stake in ADNOC Oil Pipelines

Abu Dhabi National Oil Company (ADNOC) said early on Thursday that it had closed an infrastructure investment agreement under which BlackRock (BLK), the world’s largest asset manager, and a US-based private equity firm KKR (KKR) would purchase a 40% stake in an oil pipeline entity for $4 billion. The company said in a statement that the deal would see BlackRock […]

Eurozone First-Quarter Wages Grow

Eurozone First-Quarter Wages Grow

Eurozone hourly wages increased at the fastest pace since 2010 in the first quarter, the European Union’s statistics office said on Monday. Nominal wages and salaries per hour climbed by 2.5% year-on-year in the three months that ended March 31, according to a report from Eurostat. In the previous quarter, the rate of growth was 2.3%. Wages and salaries increased […]

Uber May Be Ordered By India To Make Fleets 40% Electric By 2026

Uber May Be Ordered By India To Make Fleets 40% Electric By 2026

Uber (UBER), the ride-service, and other ride-aggregators may be required by India to have fleets that have a minimum of 40% electric vehicles by 2026, reported Reuters. Under proposed rules Uber, backed by Japan’s Softbank, would be required to have a fleet that is 2.5% electrified by 2021, 5% by 2022, and 10% by 2023 before rising to 40% by […]