Hugo Boss sees 50% sales fall next quarter

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Source: Dukascopy Bank SA
German luxury fashion house Hugo Boss was hopeful of its Chinese and online sales to rebound, but sees the coronavirus crisis to hit before any recovery takes effect after its Q1 sales plunged by 17%, knocking its shares.
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Tue, 05 May 2020 13:37:42 GMT

Israel's cloud security firm Orca Security attracts $20M

On Tuesday, Orca Security, Israel's cloud security start-up, stated it had raised $20M in a round of funding conducted by GGV Capital with Silicon Valley CISO Investments and YL Ventures participation.

Tue, 05 May 2020 11:23:40 GMT

Microsoft to make $1B investment in Polish cloud project

Microsoft is set to invest $1.0B in Poland on the back of its project that involves a data centre opening, as the tech giant seeks to provide the country's government institutions and businesses with its cloud services.

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