In MACRO & COMMODITIES NEWS, we look at whether Taiwan could be the next Ukraine, the US and UK bans oil from Russia, Shell stops buying Russian oil and we consider what may ensue while talks start with Maduro, nickel goes crazy and food inflation looms. In ACTIONS & CONSEQUENCES, McDonald's makes a McExit and luxury firms leave while Russian banks, payments and exports take a hit as China looks like it'll be hoovering up. In M&A NEWS, Orange and MasMovil consider forming a Spanish giant and Google buys Mondiant. AND FINALLY, I bring you the cutest thing ever...