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A massive leak of financial documents allegedly exposes world leaders’ secret stores of wealth. A catastrophic oil spill threatens the coastline of South California. Saudi Arabia confirmed it had held direct talks with Iran's new government, seeking to reduce tensions. Analysis: The Lithuania Model: Risks and Opportunities for Small States that Challenge China.

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A rundown of important global risk developments in markets, in business, and region-by-region. [Flashpoint Daily Situation Reports]

The Lithuania Model: Risks and Opportunities for Small States that Challenge China

For a country of under three million people, Lithuania is playing an outsized role in the geopolitics of Europe. Along with being on the frontlines of tensions with Russia and Belarus, Vilnius is increasingly driving conversation around policy on China through recent decisions to harden its stance on security threats from Beijing, strengthen ties with Taiwan, and withdraw from China’s “17+1” bloc in Eastern Europe.

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