Le Journal

Airwallex Expands Into South Korea with Strategic Acquisition Airwallex, the Australian-founded fintech company, has made a significant move into the South Korean market by acquiring Paynuri Co Ltd. This acquisition provides Airwallex with crucial local payment licenses and a foreign-exchange business registration, enabling it to operate directly in South Korea without relying on third-party intermediaries.Following a successful funding round that valued Airwallex at $8 billion, the acquisition marks a pivotal step in expanding its global financial platform. Airwallex plans to launch services like global business accounts and payment acquiring in South Korea by 2026, further planning to strengthen its presence by hiring a local team to boost sales, compliance, and client management.Arnold Chan, Airwallex's General Manager for Asia-Pacific, noted that South Korea's growing ecommerce, creative, and entertainment sectors present extensive opportunities. The acquisition aligns with the company's strategy to enhance its global network and scale its AI-driven solutions, having already reached significant annual revenue and transaction volumes.

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Storm Chaos: North Island Awash Amidst Torrential Downpour Severe weather conditions have engulfed New Zealand's North Island, prompting authorities to urge evacuations in low-lying regions. Flooding, swollen rivers, and landslides have disrupted life, with police actively searching for a man who went missing after being swept away in a river.Residents in flood-prone areas have been advised by local councils to either relocate to higher ground or prepare for potential evacuation, as several roads have been closed due to slips and flooding. News images depict submerged farmlands and waterlogged roads exacerbating the crisis.Emergency Management and Recovery Minister Mark Mitchell expressed concerns for Northland, especially Oakura and its surroundings, given the saturated ground conditions. MetService's warnings for the northern regions signify serious threats to life, with expectations of dangerous river conditions, more significant flooding, and potential isolation for some communities.

Pharrell Williams Unveils Understated Elegance at Paris Fashion Week Louis Vuitton's men's designer, Pharrell Williams, set the tone for Paris Fashion Week with a collection characterized by understated elegance in muted tones. Unveiled on Tuesday, the fall-winter show took place in a giant cube situated outside the LVMH's Louis Vuitton Foundation, an architectural marvel designed by the late Frank Gehry.Models graced the artificial lawn inside, showcasing classic dresses in shades of beige, grey, and brown, reminiscent of a serene countryside retreat. The minimalist setting featured wood and glass, enhancing the show's tranquil aura. Highlights included ties, long coats, double-breasted jackets, and leather caps in deep reds and light yellows.The event's ambiance was further enriched by a string orchestra and dynamic gospel-style dancers complementing hip-hop beats. Pharrell Williams, a Grammy-winning producer and newly appointed men's creative director for Louis Vuitton, concluded the event by greeting illustrious attendees like John Legend, Future, Skepta, and France's first lady, Brigitte Macron.