Tag: Technology

Reasons To Be Cheerful: Part 2

On the face of it, 2020 was a bit of a disaster regarding environmental issues. It was supposed to be the year of climate action, culminating with ambitious emission-cutting targets at the UN Climate Talks, COP26, in my home city of Glasgow in November. Unfortunately, our old friend SARS-CoV-2 put paid to that plan, though it has been rescheduled for November this year. While the virus reminded humanity how fragile it actually was, the planet continued to heat up, with 2020 turning out to be the joint hottest year on record. The year was marked by horrendous fires in the Amazon, and in the western United States. The Atlantic hurricane season was also the most active on record.

There were, however, one or two glimmers of hope. The European Green Deal has tackling climate change at its centre. Major economies, including China, the UK, France and Japan have made net-zero carbon pledges (although, in the UK at least, one would be cynical about any promises made by the Government).

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How Zoom is Zooming, and So is Our Anxiety

The current Coronavirus Pandemic has brought misery to many, and death to over 1.5 million people worldwide. A huge number of businesses are under severe financial strain, or have ceased to trade. The major exceptions are tech companies who conduct all of their business online especially, as I have mentioned earlier, Amazon. As the World has gone into lockdown of various degrees, some other tech winners in the pandemic have been the providers of videoconferencing services, especially the omnipresent Zoom. I suspect most people had never heard of Zoom before 2020, but widespread use has led the company’s revenues to leap 355% to $663.5 million for the quarter ending 31 July, exceeding analysts’ expectations of $500.5 million. In the same period profits soared to $186 million, while customer growth was up 458% compared with the same period in 2019.

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