HSBC Holdings PLC

• World’s largest sovereign wealth fund posts record $1.4 billion annual return, driven by tech and banking rally - Norway's $2 trillion sovereign wealth fund holds stakes in many of the world's biggest companies, including Apple, Nvidia and JPMorgan Chase.
• Airbus, AstraZeneca and HSBC executives join UK's Starmer on high-stakes China trip - Executives from Airbus, AstraZeneca and HSBC are joining Prime Minister Keir Starmer on a rare China visit, highlighting the business focus of the trip amid strained global trade relations.
• Hanwha Aerospace soars 11%, leading Asian defense stocks rally - Asia-Pacific markets traded mixed Friday as investors parsed China's inflation data.
• I stayed in a $40 capsule hotel as return to office mandates drive workers back to the city - RTO mandates has workers who don't live in cities scrambling to find inexpensive ways of staying in the city without resorting to hostels.
• Trump trade war shift away from Chinese manufacturing has reached tipping point - A long-term supply chain shift pulls the rest of Asia even with manufacturing giant China, but for importers, a short-term cash crunch from tariffs is looming.