By Marianne Abib-Pech

In her last speech to the Lower House of German Parliament, Chancelor Merkel has referred to Ukraine as a dictatorship. It is a first ever reference to potential abuse of current regime.

Is it due to political and business ties in the energy sector with Russia ? Is it due to genuine concern for health and safety of Ukrainian former prime minister Yulia Tymoshenko or a sign of Europe patience running thin when it comes to human rights abuse of the Orange Revolution leader.

The Industrial and Commercial Bank of China has received the green light from regulators to buy a US Bank.

After one year of regulatory review and a bite-size schedule, the purchase will make history. Building a global banking footprint that will match Chinese company's industrial expansion appears to be the next natural step in the Chinese vision of sustainable economic development mainly in the energy, healthcare and retail sectors.

Left to be seen is the Chinese ability to remain relatively sheltered from global financial situation while building a global presence … and their skill in managing a global organisation.

Marianne Abib-Pech serves on the board of European venture capital funds and start ups. Her most recent corporate position was as Global CFO of Shell Aviation. Marianne is passionate about people, and particularly about helping them find and develop their potential and had developed a leadership program while at Shell.

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