The United States and China have agreed on a framework to implement their trade truce, officials on both sides said Wednesday, after concluding two days of talks in London to defuse tensions and ease export restrictions that threaten to disrupt global manufacturing.

US-China talks concluded this week with a 'handshake agreement', a US appeals court permitted Trump's tariffs to continue (for now), and the World Bank has forecasted a global economic slowdown in the face of increasing uncertainty.

LONDON, June 9 (Reuters) - Top U.S. and Chinese officials will sit down in London on Monday for talks aimed at defusing the high-stakes trade dispute between the two superpowers that has widened in recent weeks beyond tit-for-tat tariffs to export controls over goods and components critical to global supply chains.

Private market funds have been underperforming, according to State Street’s latest private equity index, The Financial Times reports. The index, which tracks cash flows from private equity, private debt and venture capital funds, returned 7.08 percent last year, versus the S&P 500’s total return of 25 percent.

China returns to trade talks with the U.S. holding, from its view, a strong hand: Its economy is bearing up better than expected. And it has an ace card: rare earths.