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Business News Headlines

PPG raises offer for Akzo Nobel to $29 billion

U.S. paint maker PPG Industries raised its proposed offer for Akzo Nobel by about 8 percent to 26.9 billion euros (£23 billion) on Monday, increasing the pressure on its Dutch rival to enter into talks.

Oil edges up after six days of straight losses

Oil prices inched up on Monday but markets remain under pressure following six consecutive sessions of losses as traders lose confidence that pledged output cuts by major producers will rein in oversupply in a world awash with fuel.

Uber, France spar over whether company is a transport service

U.S. ride-hailing app Uber [UBER.UL] told Europe's top court on Monday that it was a digital service, not a transport service, and that a French law clearly targeted online taxi services, in its latest European legal battle with the taxi industry.