Sony Accuses Tencent of Corporate “Shell Game” in Escalating Horizon Clone Legal Battle
The Legal Confrontation Intensifies Sony Interactive Entertainment has filed a scorching 35-page legal response dismissing Tencent’s defense in the Light…
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Global Markets Slide as US Banking Concerns Trigger Investor Anxiety
Global stock markets experienced significant declines as investor concerns mounted over US banking sector stability. Reports indicate regional bank losses and private credit market issues have sparked risk reassessment across financial markets, with gold prices hitting record highs as investors seek safe havens.
Market Turbulence Spreads Globally
Stock markets around the world faced substantial declines as investor confidence wavered amid growing concerns about the US banking sector, according to financial reports. Major European indices including Germany’s Dax and France’s Cac 40 reportedly fell significantly during Friday’s trading session, reflecting broader market unease that has been building throughout the week.
Global Markets Slide as US Banking Concerns Trigger Investor Anxiety
Financial markets worldwide experienced significant declines as investor concerns mounted over US banking sector stability. Reports indicate regional bank losses and lawsuits combined with private credit market worries to drive market volatility. The uncertainty pushed gold prices to record highs as investors sought safe havens.
International Market Reaction
Global financial markets faced substantial pressure as investor confidence wavered amid growing concerns about the US banking sector, according to market analysis. Major European stock market indexes including Germany’s Dax and France’s Cac 40 reportedly declined significantly during Friday’s trading session.
Global Payroll Provider Deel Secures $300 Million, Valuation Soars to $17.3 Billion Amid Expansion Drive
Payroll and HR startup Deel has raised $300 million in a new funding round, according to reports, boosting its valuation to $17.3 billion. The company reportedly plans to use the capital for global infrastructure expansion and acquisitions, aiming to offer native payroll in over 100 countries by 2029.
Funding Round and Valuation Milestone
Payroll startup Deel has reportedly raised $300 million in a Series E funding round, according to Reuters, valuing the company at $17.3 billion. Sources indicate the round was led by new investor Ribbit Capital, with participation from existing backers including Andreessen Horowitz and Coatue Management. This represents a significant increase from the company’s previous valuation of $12.6 billion earlier this year.