Falling oil price costs Russia $100bn

The falling oil price is costing Russia up to $100bn a year, while Western sanctions have hit the country by a further $40bn, its finance minister says.

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Aviva shares hit by merger talks

Aviva\'s shares fall 4% in early trading following Friday\'s announcement that it is in talks about a possible £5.6bn merger with smaller rival Friends Life.

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BT and Telefonica in talks over O2

Telecoms giant BT is in talks with Telefonica about buying the O2 mobile network from the Spanish firm.

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