Xinhua News Agency reported that recently, the Indonesian parliament passed a bill officially revoking Jakarta's status as the capital and designating it as a special zone. Indonesian Interior Minister Karnawian said that Jakarta will undergo a transition from a capital city to a special economic zone. Although Jakarta is no longer the capital, it will still be the center of economic and cultural activities, and will maintain its strategic attractiveness and important position in national affairs.

It is reported that in order to alleviate the difficulties faced by the capital's development and promote balanced national development, the Indonesian governmentIn 2019, it was announced that the administrative capital would be relocated from Jakarta to a forested area in East Kalimantan Province. The construction of the new capital, Nusantara, officially began in mid-2022 and will be developed in five stages. It is scheduled to be completed by 2045 and is expected to have a population of over 2 million after completion.

military

01Russia relaxes conditions for using nuclear weapons

According to Moscow News, recently,Ukraine used missiles provided by the West for the first time to attack the Russian border area. Russian President Putin approvesThe new nuclear policy states that if Russia is attacked by conventional missiles supported by nuclear armed countries, it may use nuclear weapons.

according toThe previous policy introduced in 2020 allowed Russia to use nuclear weapons in the event of conventional or nuclear attacks that threatened the survival of the country. The new policy expands the conditions for using nuclear weapons, allowing Russia to consider nuclear strikes in the event of large-scale attacks by conventional missiles, drones, or other aircraft.In addition,The new policy also indicates that any aggression by non nuclear countries against Russia with the participation of nuclear armed countries will be considered a joint attack against Russia.

01Greek workers' strike

According to Reuters, on November 20th, doctors, teachers, construction workers, and transportation workers from Greece's largest private and public sector unions held a 24-hour large-scale strike. Protesters gathered at the Constitution Square in the center of the capital Athens, shouting "Workers' rights are law" and waving banners that read "Strike against rising prices". This major strike resulted in the suspension of ships and the interruption of railway and bus services.

It is reported that inDuring the Greek debt crisis from 2009 to 2018, many Greeks' wages and pensions were cut, which reduced Greece's economic output by a quarter and pushed Greece to the brink of exiting the eurozone. After the debt crisis, although the Greek economy has rebounded, wage levels are still lower than the European average, per capita GDP is at the bottom of the EU, and commodity prices have skyrocketed.

02Ford will lay off approximately 14% of its workforce in Europe

According to Agence France Presse, on November 20th, American car giant Ford will lay off about 14% of its workforce in Europe, mainly due to severe losses in recent years, weak demand for electric vehicles, insufficient government support for the transformation of electric vehicles, and intensified competition. Ford has also become another cost cutting automaker after Nissan, Stellantis, and General Motors, and its layoffs in Europe are expected to be completed by the end of 2027.

Analysis suggests that Ford's layoffs this time will have a huge impact on Germany. Germany is the largest economy in Europe and a world automotive manufacturing powerhouse, with cars being Germany's most important export product. But Germany is currently facing a very severe market situation, with data showing that electric vehicle sales in Germany have declined in the first nine months of this year28.6%.