China and US officials will meet in London on Monday to restart stalled trade talks, US President Donald Trump announced on his social media site, saying he thinks the meeting will "go very well." China has not responded. Trump's tweet comes after a phone call between him and Chinese President Xi Jinping on Thursday, believed to be their first personal communication since Trump started the global tariff war in March. China and the US, in a meeting in Geneva early last month, agreed to a 90-truce in the trade war to facilitate negotiations. Since then, recriminations from both side about truce breaches and other issues have strained ties. Xi called bilateral relations a "ship off course" this week; Trump, who wrote a 1987 book entitled "Art of the Deal," called Xi is a hard man to make a deal with.

Boeing has begun delivering commercial jets to China for the first time since China lifted its ban on imports of the jetliners last month as part of a temporary trade truce with the US, Bloomberg reported. It cited Flightradar 24 data showing a Boeing 737 Max bound for the Chinese city of Zhoushan, where the company typically delivers jets. However, there have been no reports that the US has lifted its ban on sale of certain jet engines to China.Separately, Reuters reported that China has granted temporary export licenses to rare-earth suppliers of the top three US automakers. China is the world's dominant source of rare earths vital in industrial production, amid reports that restrictions placed on their export as part of the trade war have started curtailing production at some foreign automakers.Reuters also reported that the US has recently suspended licenses for nuclear equipment suppliers to sell to China's power plants. And the South China Morning Post reported that President Donald Trump signed executive orders aimed at potentially squeezing Chinese drone manufacturers like DJI and Autel Robotics out of the US market.

US stocks rose on Friday after monthly employment figures came in higher than expected, countering speculation that global tariffs would hurt the US economy. Payrolls in May rose by 139,000 jobs. The S&P 500 index gained 1 percent and the Nasdaq was up 1.2 percent.Shares in electric carmaker Tesla, which fell 14 percent a day earlier when owner Elon Musk and President Donald Trump exchanged barbs in an explosive parting of the ways, managed a 3 percent gain on Friday despite apparently failed attempts to effect a reconciliation. Musk did walk back threats to decommission SpaceX's Dragon spacecraft, the only vehicle available to send US astronauts to the International Space Station.

Hong Kong's passage of new stablecoin law opens a new frontier for a cryptocurrency that acts as link between real-world and digital currencies.(Click the headline to read the full article.)