FT Transact
Covid-19: widening the gap between rich and poor
Despite the coronavirus pandemic, in 2020, the world’s five wealthiest individuals saw their collective worth increase by more than $250bn. Financially, those on higher incomes have suffered less than low skilled, low-income workers and the young, who have been hit especially hard. Not only is the pandemic’s economic impact likely to linger, global inequality is worsening, with no obvious remedy in sight.
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FT Transact is a video channel turning the spotlight on the future of capital, exploring what’s driving transactional transformation - from trends in ecommerce, fintech and ESG investing, to the corporate innovators working to build the future of finance. The channel alternates between independent reporting from FT journalists and expert commentary from UBS.