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    A roundup of what has happened in the past 24 hours

    WORLD

    * The ministers of the Cooperation Council of the Arab States of the Gulf (GCC) called Libyan leader Muammar Gaddafi's regime illegitimate

    * NATO is considering a range of options, including humanitarian aid and military intervention, but any action should have a clear legal basis, NATO Secretary General Anders Fogh Rasmussen said

    * The reset in relations between Russia and the United States is working for the whole world, U.S. Vice President Joe Biden said during his visit to Moscow

    * U.S. Vice President Joe Biden called a proposal by Russian Prime Minister Vladimir Putin to introduce visa free travel between Russia and the United States "a good idea"

    * U.S. Vice President Joe Biden says Washington tried to talk Georgia out of blocking Russia's accession to the World Trade Organization (WTO), a Russian official said

    * The Russian Foreign Ministry dismissed rumors that it is planning to repatriate alleged arms dealer Viktor Bout through a swap deal with the United States

    * NATO has decided to extend its airborne and maritime surveillance in the Mediterranean region, the alliance's Secretary General Anders Fogh Rasmussen said

    * France formally recognized the rebel Libyan National Council as the only legitimate governing body in the country and plans to send an ambassador to the insurgent stronghold of Benghazi, French media reported

    * Russian President Dmitry Medvedev has signed a decree to join UN Security sanctions against Libya, the Kremlin said

    RUSSIA

    * Russia's Supreme Court has instructed judges to crack down on biased media coverage ahead of the 2012 presidential elections

    * A bomb that exploded in Moscow on Wednesday outside a training school for the Federal Security Service (FSB) was detonated using a cell phone, a police source said

    BUSINESS

    * Polish investors are interested in setting up production facilities in at least 10 regions of Russia, a Polish Embassy official said

    * Russian dairy and juice maker Wimm-Bill-Dann (WBD) has recommended its minority shareholders sell the remaining 23.02% share to PepsiCo, which recently bought 76.98% in WBD, the company said in a statement

    * LUKoil, Russia's largest privately-owned oil company, posted a 28.5% year-on-year increase in its 2010 net profit to $9.006 billion to US GAAP, LUKoil said

    * U.S. Vice President Joe Biden says Washington tried to talk Georgia out of blocking Russia's accession to the World Trade Organization (WTO), a Russian official said

    * Poor economic performance, an unfriendly investment climate and political risks boosted Russia's capital outflow to a whopping $13 billion in January and the country is likely to continue losing money unless reforms happen, analysts said

    * Russia's flagship airline Aeroflot will buy its eight Boeing 777 long-haul airliners for $1.156 billion, at a considerable discount to their catalog prices, Aeroflot said

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