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Business bites: Nokia's profits take a knock

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Mobile phone giant Nokia has reported a fall in profit of 1.08bn euros ($1.4bn; £905m) in the last three months of last year.

The Finnish group was late to develop smartphone models and has been trying to catch up with market leaders Apple and Samsung. Net sales of mobile phones were down by a quarter.

Meanwhile, Greece's talks with private creditors continue on how to reach a deal on its debt write-off.

The BBC's Susannah Streeter discusses key financial stories of the day.

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