US stocks drop on Monday on coronavirus fears, European banks, Alibaba’s push into grocery delivery
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
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.ezp-prod1.hul.harvard.edu/content/fb6dee7d-704e-444e-aa7f-32969296fb51
US stocks have worst day in a month as virus cases hit a record
https://www-ft-com.ezp-prod1.hul.harvard.edu/content/770938ee-c511-4332-968c-c290dd89cc33
Barclays recovers as bad debt charges fall
https://www-ft-com.ezp-prod1.hul.harvard.edu/content/8374dd0e-87c1-4b58-8c29-5cc4f45d3960
UBS pledges to boost payouts as pandemic impact diminishes
https://www-ft-com.ezp-prod1.hul.harvard.edu/content/10005024-87dc-41b8-abc4-728261b34bf0
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