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The global economic landscape shifted dramatically on March 5, 2025, as the United States and China escalated their trade confrontation through aggressive tariff strategies. President Donald Trump's latest economic maneuver significantly increased import tariffs, prompting an immediate and combative response from Beijing.

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The Chinese State Council has launched a comprehensive "Special Action Plan to Boost Consumption" aimed at reinvigorating domestic demand amid ongoing economic challenges. The initiative, announced on March 16, represents Beijing's strategic response to persistent deflationary pressures and reduced consumer confidence.

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For decades, the Pritzker Prize has been a stage for architectural legends—the visionaries who stamp their unmistakable style onto skylines and cityscapes. But 2025's laureate, Liu Jiakun, is a different kind of master. Unlike the starchitects who have long dominated the field, Liu has built a career on not having a signature look. Instead, he lets his projects take shape from their surroundings, whispering their own stories through materials, history, and local culture.

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Prime Minister Narendra Modi announced Friday that India and the EU will aim to finalize a "mutually beneficial" free trade agreement by the end of the year. The announcement came after a meeting with EU Commission President Ursula von der Leyen in New Delhi, where both leaders tasked their teams with achieving the deadline.

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In a bid to raise its profile in the global artificial intelligence (AI) community, Alibaba today announced the open-source release of its state-of-the-art AI video generation model, Wan 2.1. The action aims to drive innovation and cooperation in the AI ecosystem by providing free access to sophisticated tools capable of generating high-quality videos and images from image and text prompts.

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