good to have you with us. so, how many zoom meetings have you had in the last 12 months? this time last year, many of us hadn t even heard of the company that is now a household name worldwide. there s no doubt the videoconferencing company is one of the big winners during the pandemic. so, how much money has zoom made? well, let s just take a look at. the numbers are just out and they are impressive. they have beaten wall street expectations. sales in the last three months of 2020 were up 370% compared to the same period in 2019, hitting $882.5 million. and the company also painted a picture of a rosy future, it expects sales to rise a further 40% this year at least, reaching more than $3.7 billion. no surprise there, their shares did really well, up 10% in new york on monday. rebecca bezzina is managing director of the digital agency r/ga. welcome to the programme. is zoom s success just because we have been stuck at home? the? have been stuck at home? they have been stuck
and we start with the uk chip designer, arm. its owner, japan s softbank, has finally filed the paperwork for a new york market listing. this highly anticipated floatation should net its japanese owner tens of billions of dollars and will be the biggest initial public offering in almost two years. arm is based in cambridge and plans to make its american stock market debut in early september, selling its shares on the nasdaq exchange. our north america business correspondent, michelle fleury, has the details. arm didn t reveal the number of shares that were selling or pricing of the offering but is reportedly for evaluation of between 60 $70 billion. ahead of the ibo the cambridge company revealed revenue was down 1% from a year earlier. the company, currently owned by japan s softbank is a chip designer whose technology powers most smartphones around the world including iphones. in 2020 silicon valley chipmaker nvidia tried to buy arm but the deal fell through because of reg
defence side, geopolitical tensions drew people here. 50% of participants represent defence contractors. we have members from the ukraine military and people from south korea in parts that are concerned about what they will needin concerned about what they will need in their military arsenals. in terms of passenger traffic. i spoke to director general of asia pacific airlines. we talked about the supply chain crunch. domestic travel is already way above the pre pandemic levels. inbound travel to china is picking up strongly, 80% of what it used to b outbound is where the problem is. the currency deflation and inflation and poor business sentiment. supply chain issues are the biggest problem for airlines. it delayed new aircraft orders and maintenance because spares and parts are not easy to come by. one of the other issues is sustainability, one of the big topics in the industry. they have this ambitious goal of being net zero by 2050. we heard about sustainable aviation fuel
is driving her on, and that leads her to say she can continue her husband s cause. and i think for many in many supporters of the russian opposition watching that, people who are feeling very despondent, they will have found it uplifting. i think she does have a certain moral authority and she clearly is a strong woman, but can she put herself forward as a new political leader? well, first and foremost, of course, yulia navalny is abroad. and i think after she s called vladimir putin a killer, she would find it very difficult and dangerous, in fact, to go back to russia now. as for navalny s own political organisation, well, it s been banned as extremist and all of his allies, his close allies, are either in prison, like he was, or they re abroad for their own safety. basically, vladimir putin has spent the past two decades systematically crushing all political opposition in the country. but now, of course, over the past few days, we have seen people bringing flowers and le