No V-shape: Participants broadly agreed that a rapid recovery was unlikely and argued that the pandemic would result in economic scaring. The panel agreed that it would take time for output to recover to pre-COVID-19 levels, with a lasting negative effect on consumption and investment. But participants agreed that a return to national lockdowns is no longer probable, even if localized restrictions were. Despite the relatively subdued economic outlook, the participants agreed that there central bank liquidity was boosting asset prices.

This is the first of our annual in-house UBS reports on the activity of family offices. Our report focuses on 121 of the world’s largest single family offices, covering a total net worth of USD 142.4bn, with the individual families’ net worth averaging USD 1.6bn.

Download the report to find out how well family offices weathered the 2020 storm in financial markets.

This is the first of our annual in-house UBS reports on the activity of family offices. Our report focuses on 121 of the world’s largest single family offices, covering a total net worth of USD 142.4bn, with the individual families’ net worth averaging USD 1.6bn.

Download the report to find out how well family offices weathered the 2020 storm in financial markets.

I am the Chief Economist of UBS Global Wealth Management. I believe passionately that economics is something everyone can and should understand. We all make economic decisions all of the time. The problem is that economists tend to wrap economics in jargon and equations. We do not need to do that. It is my job to help people realise what they probably already know – by developing and explaining the UBS economic view in a clear way. To do this, I publish research (most of which you can find here) and appear in various print and broadcast media.

I tend to think of myself as a political economist, not a mathematical economist. I get very excited about lots of things in economics. Diversity, inflation, education, trade, inequality, and social change are some of the topics I am very enthusiastic about.

Covid-19 has exacerbated the wealth gap at the same time as putting extra strain on non-profits and NGOs. Are philanthropists rethinking how they give? And how can the world’s wealthy bring the biggest impact to bear on a global crisis? Join Phyllis Costanza, head of UBS in Society and chief executive officer, UBS Optimus Foundation, Carly Doshi, head of philanthropy, family governance and family office advisory for HSBC Private Banking, Americas and Romy Krämer, managing director of the Guerrilla Foundation on the Euromoney LiveStream on 29 July at 2pm BST.

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WNBA players who choose to sit out this season due to the coronavirus pandemic have been given a $1.5 million financial lifeline from six-time NBA all-star Kyrie Andrew Irving.

The NBA champ and Olympic gold medalist, collaborating with the Peak Wealth Management Group at UBS, has launched the KAI Empowerment Initiative, which will provide funds directly to each player who meets the qualifications of the program.

In conversations with WNBA players, “I have learned about the challenges and opportunities of their decisions and how it will impact their lives, family, and overall well being,” said Irving in a statement.

“This platform was created to provide support for all WNBA players in hopes to relieve some of the financial strain imposed during these challenging times,” the Brookly Nets’ point guard explained. “Whether a person decided to fight for social justice, play basketball, focus on physical or mental health, or simply connect...

An all-star line-up shares their own stories of money, power and resilience. Watch the replay above, featuring: Billie Jean King, Presidential Medal of Freedom recipient, sports icon and equality champion; Lisa Leslie, 3-time WNBA MVP, 4-time Olympic Gold Medalist and Hall of Famer; Paula Polito, financial industry leader, Divisional Vice Chairwoman of UBS Global Wealth Management and author of the Own your worth report; Tina Brown, award-winning journalist and editor; Paulina Porizkova, model and author; Elaine Welteroth, The New York Times best-selling author, award-winning journalist, former Teen Vouge Editor-in-Chief and Judge on the new Project Runway; and Dr. Jill Yavorsky, University of North Carolina sociologist focusing on gender and finance.

The locations and income levels we are born into have a huge impact on the opportunities to which we do (and don't) have access. But we can work together to reduce these disparities. Explore Sustainable Development Goal 10 – Reduced Inequalities.

Markets have rallied strongly since their post-COVID-19 lows. But we believe the uptrend in stocks can go further, supported by positive medical developments and continued government stimulus. We see a lower chance of a return to national lockdowns. Progress toward a vaccine, which could be widely available by 2Q21 in our central scenario or late 2020 in our upside scenario, will support the equities. In our upside scenario, we think the cheaper areas of the market would drive the upside -including select cyclicals and value.

No V-shape: Participants broadly agreed that a rapid recovery was unlikely and argued that the pandemic would result in economic scaring. The panel agreed that it would take time for output to recover to pre-COVID-19 levels, with a lasting negative effect on consumption and investment. But participants agreed that a return to national lockdowns is no longer probable, even if localized restrictions were. Despite the relatively subdued economic outlook, the participants agreed that there central bank liquidity was boosting asset prices.

An all-star line-up shares their own stories of money, power and resilience. Watch the replay above, featuring: Billie Jean King, Presidential Medal of Freedom recipient, sports icon and equality champion; Lisa Leslie, 3-time WNBA MVP, 4-time Olympic Gold Medalist and Hall of Famer; Paula Polito, financial industry leader, Divisional Vice Chairwoman of UBS Global Wealth Management and author of the Own your worth report; Tina Brown, award-winning journalist and editor; Paulina Porizkova, model and author; Elaine Welteroth, The New York Times best-selling author, award-winning journalist, former Teen Vouge Editor-in-Chief and Judge on the new Project Runway; and Dr. Jill Yavorsky, University of North Carolina sociologist focusing on gender and finance.

During his tenure, Ryan spearheaded efforts to reform our nation’s tax code for the first time in a generation, rebuild our national defense, expand domestic energy production, combat the opioid epidemic, reform our criminal justice system, and promote economic opportunity.

First elected to Congress in 1998 at age 28, Ryan spent two decades representing the people of Wisconsin’s First Congressional District. A fifth-generation Janesville native, Ryan continued Wisconsin’s proud tradition of reformminded leadership in the House of Representatives.

Before becoming Speaker, he was chairman of the House Ways and Means Committee. As chairman Ryan worked to simplify the tax code, protect healthcare choices, advance free trade, and strengthen the economy. Before that, he served as chairman of the House Budget Committee, where he outlined revolutionary blueprints to balance the federal budget and pay off the national debt. In 2012, Ryan was selected to serve as...