FT News Briefing

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<a href="https://www.ft.com/content/fb6dee7d-704e-444e-aa7f-32969296fb51" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/fb6dee7d-704e-444e-aa7f-32969296fb51</a> US stocks have worst day in a month as virus cases hit a record<a href="https://www.ft.com/content/770938ee-c511-4332-968c-c290dd89cc33" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/770938ee-c511-4332-968c-c290dd89cc33</a> Barclays recovers as bad debt charges fall<a href="https://www.ft.com/content/8374dd0e-87c1-4b58-8c29-5cc4f45d3960" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/8374dd0e-87c1-4b58-8c29-5cc4f45d3960</a> UBS pledges to boost payouts as pandemic impact diminishes<a href="https://www.ft.com/content/10005024-87dc-41b8-abc4-728261b34bf0" rel="noopener noreferrer" target="_blank">https://www.ft.com/content/10005024-87dc-41b8-abc4-728261b34bf0</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.