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Global markets slipped on Monday after a new strain of coronavirus swept through parts of the UK

Global stock markets slipped and the price of oil declined on fears over the new strain of coronavirus sweeping through parts of Britain. The FT’s science editor, Clive Cookson, explains what scientists know about the strain and how it will affect efforts to beat the pandemic. Plus, SoftBank has filed to raise up to $604m from investors for its first blank-cheque listing, and upscale sportswear company Lululemon is making a push into overseas markets.

Global stocks slip as new Covid strain unsettles investors

What we know about the new coronavirus strain

SoftBank launches Spac, says it may buy one of its own investments

Lululemon plans overseas expansion as yogawear booms

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