US stocks on Monday notched biggest one-day drop in a month on rising Covid-19 infection rates

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

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

Barclays recovers as bad debt charges fall

UBS pledges to boost payouts as pandemic impact diminishes

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