CL Hong Kong has been named the world's top wealth hub, a ranking that carries particular weight given how recently the city seemed to be losing its claim on that title. The private banking floors of Central have quietly refilled, and the numbers now confirm what the street-level foot traffic has been suggesting for months. Who chose to stay, and why, matters more than the ranking itself.-- CL

MB The week ends with the United States having struck Iran twice in three days, which places everyone in the uncomfortable position of deciding whether this is escalation or resolution, neither of which the architecture of the region supports cleanly. Elsewhere, the day's institutional signals are doing what they usually do: wealth flows toward stability, commercial courts open for business, civil servants get their increment. The crises and the administration continue in parallel, as they always have.-- MB