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Gazprom shuts Nord Stream 1 gas pipeline to Germany for annual maintenance. Lithuania expands ban on transport of goods to Kaliningrad amid Russian threats of retaliation. Japan’s ruling coalition wins landslide election victory. Analysis: The Future of Cities: Examining Urban Flight.

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A rundown of important global risk developments in markets, in business, and region by region.

Analysis: The Future of Cities: Examining Urban Flight

During the COVID-19 pandemic, many people moved to rural and suburban communities, taking advantage of the ability to work from home. Urban flight has major economic, social and environmental consequences. Some businesses are relocating their headquarters in response to shifting population centers. However, a new UN report concludes that pandemic-accelerated urban flight may be short-lived and will not stop the overall trend towards global urbanization.

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