The News in Brief

Six more U.S. senators on Friday backed bipartisan legislation to give President Joe Biden new powers to ban Chinese-owned video app TikTok on national security grounds as the Chinese company ramped up efforts to get its story heard in Washington before an important hearing next week.

Italian luxury group Brunello Cucinelli on Wednesday raised its sales growth guidance for 2023 to 15%, up from its previous estimate of 12%, on the back of a strong start to the year and significant orders for coming seasons.

Zara owner Inditex said its Spring/Summer 2023 collection flew off shelves over the last six weeks but shares in the world’s biggest fashion retailer fell after it flagged higher spending on technology and automation.

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