Apple iPhone 18 Pro Sales Jump 12% in China 
CSL Partners With AWS to Bring AI Into Drug Research 
Asian Stocks Fall as Oil Surge, Bond Yields and AI Concerns Hit Markets 
Gold Plunges 4% as Treasury Yields Surge and Fed Rate Hike Bets Rise 
Asian Currencies Mixed as Yen Weakens, RBA Hike Looms 
XRP Price Targets $1.70 as Bullish Momentum Builds 
Samsung Invests $1 Billion in KKR’s Helix AI Infrastructure 
Australia Inflation Accelerates to 4% After RBA Rate Hike 
OpenAI Scraps GPT-6.1 Astra Launch Over Safety Concerns 
Binance Pay Goes Live at PayPay Merchants in Japan 
U.S. Stock Futures Steady as AI, Rate Concerns Weigh 
CNN, Politico and MS NOW Seek Court Order Blocking Trump White House Ban 
Trump Eyes $54 Billion South Korean Investment in Alaska LNG 
BlackRock’s Rick Rieder Favors Bonds Over Stocks as Treasury Yields Surge 
Robinhood Chain Meme Coins Slide as Stock Token Locks Rise 
Japan Factory Output Unexpectedly Falls 1.7% in August 
Oil Prices Jump Nearly 3% as Iran Holds Firm on Hormuz Conditions 
Add as a preferred source on Google
Mitsubishi Corp and Toyobo Co will establish a new joint venture company specializing in the planning, development, manufacturing, and sales of functional materials to counter changes driving up demand for them.
The JV will inherit Toyobo's functional materials business, involving the manufacture of high-performance plastics, adhesives, water treatment membranes, coating materials, high-performance fibers, and environmental solution devices.
It will commence operations sometime in January 2023.
According to Mitsubishi, changing business environments as evidenced by global moves to decarbonize and expedite the development of new technologies are driving up demand for functional materials, resulting in a significant restructuring of the related industries.
Mitsubishi, over the last you years, has been pursuing strategic, cross-industry collaborations to ensure the sustainable growth and development of its operations.
