Good morning from the Financial Times.

Today is Monday, October 26th.

And this is your FT news briefing.

EU countries are worried about reaching for coronavirus Recovery Fund loans.

And a vaccine considered a frontrunner

showed some promising results recently.

Plus, getting goods in and out of the UK

will be no minor task once the Brexit transition period ends.

We'll take a look at the future of the borders.

I'm Mark Filipino, and here's the news you need to start your day. It's beginning to feel like it did in the spring when the pandemic first started.

Cases are surging across the United States and Europe, and Italy and Spain, the country's

hardest hit by the first wave, are now introducing some of the harshest measures since

lockdowns ended in May. In Italy, bars and restaurants will have to close by 6 PM.

Spain's putting into place in nationwide overnight curfew similar to what we've seen lately in some

French cities. Meanwhile EU countries are also being cautious when it comes to the

economic recovery side of things. Namely, they're worried about getting themselves too far into debt.

Remember in July, the European Union reached a deal on a 750 billion euro plan to help countries

hardest hit by the pandemic. A little more than half of the plan

390 euros was composed of grants money these countries would not have to pay back.

And countries have no problem going for the grants. The rest of the plan is our loans and countries

including Spain and Portugal have sent mixed messages about whether they'll go

for this option. The FT's recent calculation show that savings might not prove decisive for some countries,

...