microsoft and google s parent company alphabet are major players in a field that continues to drive profits. microsoft s quarterly profits grew thanks to the strength of its cloud computing unit. sales from microsoft s intelligent cloud business, its biggest revenue driver, grew 15% from this time last year to $24 billion but that was perhaps less than wall street was hoping for because its share price initially traded lower. focusing on the company s big bet on artificial intelligence, they remain focused on leading they remain focused on leading the new ai platform shift. and microsoft isn t the only tech giant investing heavily in al. google s parent company alphabet is developing and improving ai to improve its search and as as well as other products. that led along with a slight improvement in the ad market how to turn a net profit of $84 billion in the last quarter. its cloud business also enjoyed strong positive momentum revenue there. some musical chairs at there.
to the bbc news at one. borisjohnson deliberately misled parliament when he was prime minister about whether lockdown rules were broken in number 10. that s the finding of the parliamentary committee made up of mps from different parties. it has produced a lengthy, damning report, which finds mrjohnson misled the house, the committee and tried to undermine the democratic process. the committee says, if borisjohnson was still an mp, it would recommend he be suspended from parliament for 90 days much longer than had been expected. mrjohnson stood down as an mp after receiving advance details of the report, which this morning he called deranged . straight to westminster and our political correspondent, nick eardley. a very long report and it is damning. a very long report and it is damning- a very long report and it is damninu. , , ~ , , damning. isn t it “ust? westminster had been damning. isn t itjust? westminster had been expecting damning. isn t itjust? westminster
let s now get down to business and the drama that let s now get down to business and the drama that has let s now get down to business and the drama that has been unfolding over the weekend in switzerland is dominating once again. they ve had fraught negotiations as the authorities, the central bank and leaders of two of its biggest banks tried to reach a deal to prevent another damaging financial crisis. late on sunday it was announced. the troubled bank credit suisse has been taken over by its rival ubs in a government backed rescue worth over $3.1 billion. that s less than half the value of credit suisse at the close of trade on friday. the deal s been widely welcomed, including by the bank of england, the european central bank and in the us. switzerland s central bank wanted to prioritise financial stability and protect the swiss economy. here s the chief executive of ubs. translation: it means we bring back stability translation: it means we bring back stability and