Bloomberg Microsoft Corp. unveiled a new version of its Surface Pro tablet and laptop combination device with more powerful chips and better battery life, updating an aging product with declining sales that hurt financial results last quarter. The Redmond, Washington-based company introduced the fifth version of the Surface Pro at an event in Shanghai, the first time it’s held the …

Bloomberg PPG Industries Inc. Chief Executive Officer Michael McGarry is seeking to extend by two weeks a deadline to make a firm bid for Akzo Nobel NV and ruled out raising its latest $29.5 billion offer, the third to be rejected by the Dutch rival. The US paint maker will challenge a June 1 deadline imposed by the Dutch regulator …

Bloomberg Britain recorded a larger-than-forecast budget deficit in the first month of the new fiscal year as accelerating inflation pushed up debt costs and depressed consumer spending. Net borrowing was 10.4 billion pounds ($13.5 billion) in April, the highest for the month since 2014 and up 1.2 billion pounds from a year earlier. Economists surveyed by Bloomberg predicted an 8.7 …