US stocks drop on Monday on coronavirus fears, European banks, Alibaba’s push into grocery delivery
FT News Briefing27 Loka 2020

US stocks drop on Monday on coronavirus fears, European banks, Alibaba’s push into grocery delivery

US stocks on Monday notched their biggest one-day drop in a month on fears that rising coronavirus infections will dampen business activity, and European banks get a lift from equities revenue. Plus, the FT’s China corporate tech reporter, Ryan McMorrow, explains how Alibaba is making a push into a crowded grocery delivery field.


Alibaba to pay $3.6bn to take control of Chinese supermarket chain Sun Art

https://www.ft.com/content/fb6dee7d-704e-444e-aa7f-32969296fb51


US stocks have worst day in a month as virus cases hit a record

https://www.ft.com/content/770938ee-c511-4332-968c-c290dd89cc33


Barclays recovers as bad debt charges fall

https://www.ft.com/content/8374dd0e-87c1-4b58-8c29-5cc4f45d3960


UBS pledges to boost payouts as pandemic impact diminishes

https://www.ft.com/content/10005024-87dc-41b8-abc4-728261b34bf0

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