out stop , plays out. interestingly, the other servers went up also what are the other services? overall services continue to be strong, a key part of apple growth story, and really that is something they are building out further and further. you're going to also have, going into this next year, cloud, i think app store, if you look at that, that continues to uptick. that has been a big part of what i call the re—rating of apple stock. meanwhile, retail giant amazon has reported a quarterly profit that smashed market expectations for q2. that came in at $6.7 billion, eclipsing forecasts. in fact, this was amazon's biggest earnings reveal since the last quarter of 2020. my colleague michelle fleury with more. amazon's results show it's firing on all cylinders. it turned in a strong online retail performance and registered higher sales at its cloud computing business. revenue for the second quarter rose ii%. investors liked what they heard. shares in the seattle—based company, already up 50% before these earnings this year, rose on the news. now, ahead of the quarterly earnings, there were some concerns about people shopping less because of inflation, but ceo andy jassy�*s focus on increasing delivery speeds and keeping a lid on the company's costs seemed to pay dividends. its tv showjury duty made emmy history by becoming the first ad—based video—on—demand show to get nominated, while sales of its all—important aws unit, which houses its cloud business, rose i2%. following strong performances by the likes of rivals meta and microsoft in this category, this really was a case of the tide lifting all boats. but it also shows that amazon's cloud business is still the king of thejungle, the dominant player, both for the whole industry and also internally. it accounts for 70% of amazon's operating profit this quarter. as for wall street's current obsession with all things ai, well, amazon said it was continuing to develop new technologies to help customers take advantage of generative ai. take a step back and these numbers show that amazon, along with the other big names in tech, are starting to bounce back after a tough 2022. michelle fleury reporting there. in other news this morning, india has slapped a licensing requirement for the imports of certain electronics devices like laptops, tablets and pcs. new delhi has given no reason for the move. but it comes as the government has been promoting local manufacturing and discouraging imports under prime minister narendra modi's "make in india" plan. turning our attention to what investors are talking about this week now, and oil prices are ticking upwards after major producer saudi arabia extended a voluntary oil output cut of a million barrels a day into september. russia has also moved to cut oil exports for that month. over in asia, japan's nikkei have fallen quite a bit over the last few days after rising 5% from its lowest injuly. it's still up 25% this year, but investor sentiment has been shaken. it's not the only market to be affected, though. wall street remains a sea of red after fitch stripped the us of its top credit rating earlier this week. jun bei liu of tribeca investment partners explains. look at was been happening, essentially the fitch downgrade of the us government debt, it has created a ripple effect through the rest of the share market around the world. investors are a bit worried that might mean increases in interest costs for the us economy. it will flow onto what is happening around the world. it is a sense of fear about the slowdown in the growth or perhaps recession is not off the table for the us economy. but a lot of experts have been saying that the timing of that fitch downgrade was somewhat strange and that it would not have a long—term impact on the markets, so would you say that the japanese market would start to bounce back shortly? it looks bad, but it's not going to have a long—lasting effect, i absolutely agree. i think the share market will recover within the next week or so. i also want to ask you about oil prices because they have been rising quite a bit, especially after the cuts by saudi arabia and some other producers. what are you expecting? they are meeting today, aren't they? yes, they are, and the expectation is the cuts will be extended into september, so we do believe they've made it very clear they want oil price to be around that $90 market, and any time that he does not quite meet there, you will see more production cuts. they are worried about the global growth slowing down, so hence they want to support the oil price at the current levels. they worry about global slowdown. is that coming from china, the us, or elsewhere? it is pretty much everywhere around the world. us clearly is slowing down, but not as bad as expected, and china is picking up slower than expected, so right now, we're in this period where the demand for oil is just really slowing down, so they want to be able to be able to cut the production, keep the price where it is, and hopefully in china growth will pick up and offset some of the weaknesses elsewhere on the world. meanwhile, tesla saw its sales in china slip over 30% from june to july. this marks the firm's first month on month decline since december. according to industry data, china's byd instead pulled ahead in electric vehicle sales on the mainland, thanks to its lower priced models. as we've been telling you on the bbc, the bank of england has hiked its key interest rate yet again. this is its 14th back to back increase, and the central bank has warned that borrowing costs will likely stay high for some time. but how will this impact savers? 0ur cost of living correspondent colletta smith met some who could benefit. at 5.25%. .. yes! - interest rates are up and there's plenty of people who are delighted. there's far more savers in the country than there are mortgage payers. we have had some reaction from jeremy hunt... - he's got onejob. ian lives off his pension, but after squirrelling away money his whole working life, he has got a small savings pot tucked away. what impact are those rising rates having for you? thank you! you are rejoicing, then, today? as a saver, for the last ten years, i have had 0.1% on my savings, literally nothing. it doesn't pay your bus fare. interest rates going up, for me, is manna from heaven and it is about time. if you are looking to make the most of your savings at the moment, then do take a look at the bbc news website tackling it together pages. there's lots of useful information and advice. you're unlikely to get the best deals from the big high street names at the moment, so look around at the smaller banks and building societies, often offering much more in interest, particularly if you can lock away your money for a fixed period of time. but across the pennines in north yorkshire, scott and sarah are not feeling any of the benefits of those higher interest rates. we are obviously living closer to the threshold than we ever have done before because of the price of things. as parents of two small boys, they both work full—time, building up savings to fall back on, but that all changed in january. we had a gas leak, so we had to get a new hob for our kitchen. and then a couple of weeks later, leaky washing machine, had to get a new washing machine. and then a couple of weeks later, car breaks down, so that security blanket is completely gone. you haven't got any savings there any more? no, no savings. it's taking a little bit longer to build up than it has done in the past. and that is where we have noticed the difference, you know, the savings are not going up as quick. and that is being noticed by the bank of england, too. their figures show that people have been taking more out of instant access savings almost every month this year, dipping into the pot more often to keep finances on track. what did you get done at school today? with less left to save at the end of each month, it is a big frustration for sarah. we earn above minimum wage, but we don't have enough to save and reap what they are introducing with the savings interest rates. come on, boys, back this way, please! while lots are getting more for their savings, there's plenty who feel like they are getting left behind. colletta smith, bbc news, in leyburn. and that's it for this edition of asia business report. thanks for watching. bbc news — bringing you different stories from across the uk. it's 100 years since the first mg rolled out of morris garages in oxford. a century on, they're still drawing a crowd. the appeal, certainly when i was a youngster, it was a sports car, it was a two—seater, and you could have fun with it. but a wet day could dampen all that. it's not a car at all for the rain. no, no, most definitely not. this is its first outing in the rain. since completing its four—year restoration? yeah, as i say, it's totally original and i've done all the work myself. mg — for 35 years, i a magic name to all who loved thoroughbred... for years, it was the ultimate boy's toy, and so it remains today. i can understand the fascination, but i am a person who, so long as it gets me from a to b, i don't really care. the abingdon factory finally closed in 1980. it was devastating, wasn't it? absolutely devastating. but then, look how many manufacturers have gone. and watch this — built in china, some purists will argue this isn't a true mg, but... well, at least it's keeping the marque alive and it's bringing new people into the mg car club. for more stories from across the uk, head to the bbc news website. hey, i'm zof with the catch up. little response harassment allegations, disabled driving, and are people who pick their noses more likely to get covered? covered ? buffers, covered? buffers, five people have been arrested after climate activists climbed on the roof of rishi sunak as my constituency home in north yorkshire. they covered it in black fabric. they were protesting against 100 new oil and gas licences being granted in the north sea. the prime minister and his family were not in the house the time. some other stories, lizzo has responded to allegations of sexual harassment and creating a hostile work culture. the pop star has called the claims made by three former dancers are false and outrageous. health workers who pick their noses are more likely to get covid. a study from an alliance has suggested this. it said they should be made more aware of the infection risk from the habit. nfl legend tom brady is getting involved with championship side birmingham city. he will be the chair of a new advisory board at st andrews and will work on global marketing efforts for the blues. and somalia has suspended a sports official for nepotism after another sprinter was allowed to com pete after another sprinter was allowed to compete in the 100 metres at the world university games in china. he took almost twice as long as the winner. time now to leave you with ten seconds of disabled drag. whilst�* first disabled drag trip have taken to the stage at the national eisteddfod, celebration of welsh language and culture. you�*re all caught up, goodbye for now. hello and welcome to sportsday. i�*m marc edwards. here�*s what�*s coming up on our show. the shock of all shocks — germany out of the women�*s world cup, but tournament debutants morocco flying high. they�*re through to the last 16. at the netball world cup, england full of confidence after a stunning win over the top ranked side in the world, australia. and from the nfl to the efl — tom brady goes into business with second—tier side birmingham city. here�*s the deal. i�*m officially coming on board at birmingham city football club. i�*ll see you at st andrews soon. hello and thanks forjoining us. we�*re starting with a major shock at the women�*s world cup because the two—time winners, the second best team in the world, germany, are out. they drew their last game with south korea, which means they failed to reach the last 16. instead, morocco, the second lowest ranked side in the competition — playing at their first—ever world cup — got through to the knockout stage courtesy of their victory over colombia. matt graveling rounds up the story of a very exciting final day of group matches. after two weeks of football, just two group games remained. in perth, group h leaders colombia faced morocco, while in brisbane, germany faced an early exit as south korea came out fighting against the world�*s second ranked team.

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