US president Donald Trump escalated his public feud with Elon Musk by threatening to cancel multibillion-dollar government contracts awarded to his firms.

Elon Musk has seemingly thrown his support behind Donald Trump once again, with the SpaceX CEO sharing a post from the 47th President of the United States on X.

Global stocks climbed on Monday while the dollar retreated as talks began in London between the United States and China, aimed at cooling a trade dispute between the world's two largest economies. The dispute has expanded beyond tit-for-tat tariffs to restrictions over rare earths,

High-level delegations from the United States and China are meeting in London to try and shore up a fragile truce in a trade dispute that has roiled the global economy

Trade talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements.