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U.S. stock funds post $7.1 billion weekly outflow: Lipper

North Macedonia's first sign language cafe opens

The cafe welcomes and caters to people with speech and hearing impediments.

The first sign-language cafe in North Macedonia has opened its doors in the capital Skopje.

It is hoped the business venture will inspire thousands of other people with disabilities in the country, who struggle to find work and rely heavily on the state for help.

The cafe’s owners hope to level the playing field and bring more options to the table.

 

Al Jazeera’s Cara Legg reports.

Pret A Manger Cut 2,800 Jobs In Virus-Linked Restructuring

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Pret a Manger Ltd. cut 2,800 jobs in U.K. shops, about a third of its store employees there, in the latest sign that the pandemic is hurting the retail industry.

Sales at British stores are down about 60% from a year earlier and are now roughly the same level as in August 2010, Pret said in a statement on Thursday. A further 1,000 U.K. positions have been saved as employees have taken fewer weekly hours, the company said.

Restaurants and other businesses that depend on walk-in business have been suffering around the world as countries use social restrictions to fight the pandemic. Chancellor of the Exchequer Rishi Sunak has been offering diners across the U.K. a state subsidy to eat out in an attempt to help the struggling industry.

Pret said in July that it would permanently close 30 U.K. shops and cut at least 1,000 jobs in the restructuring. The chain has 367 shops in the U.K., and the company is also discussing terms with its landlords, according to the statement. The Press Association reported the news earlier.

Working From Home Saved American Commuters Nearly $91 Billion

Americans who once drove to work are saving an estimated $758 million a day since the onset of the Covid-19 pandemic, according to a new study by Upwork economist Adam Ozimek.

That collectively adds up to an overall economic impact of almost $91 billion, the study by the freelancing platform found. The savings are broken down into into several categories including direct costs and time value, with the latter producing the greatest economic benefits. Putting a modest value of $12.50 an hour on time spent commuting by car, Americans collectively are saving $411 million a day by staying home.

Fewer trips to gas stations and repair shops add another $183 million in daily savings. Reduced accidents, pollution and other social impacts contributed $164 million more, according to Ozimek’s research, which draws from several economic studies including a 2019AAA report on the costs of commuting.

The bottom line for Americans who drove to work before the pandemic: Each commuter has saved on average more than $2,000 so far by working remotely since mid-March, he said.

Commuters saved over 70 minutes per day in locales such as New York City, Washington D.C. and San Francisco.

Chinese unemployment remains high despite economic rebound

Jobseekers have been encouraged to become street vendors to spur the country’s economic growth following historic contraction from COVID-19 outbreak.

China’s economy appears to have rebounded sharply from the coronavirus outbreak after an historic contraction.

But many people are still unemployed. Jobseekers have been encouraged to become street vendors to spur the country’s economic growth.

Al Jazeera’s Katrina Yu reports from Chengdu.

Myanmar: Karen minority demand troops leave area

Myanmar’s Karen community marches for justice after soldiers are accused of shooting dead a mother and stealing her jewellery.

Myanmar’s military says two soldiers accused of killing a woman from an ethnic minority community will face a court-martial.

The mother of three’s death has reignited anger in Karen state, where there has been unrest for decades.

Karen community leaders say the army is using coronavirus lockdown measures as an excuse to attack villagers.

Al Jazeera’s Barbara Angopa reports.

U.S. stock funds post $7.1 billion weekly outflow: Lipper

(Reuters) – U.s.-based stock funds shed $7.1 billion in the week ended Wednesday, even as Wall Street’s main indexes extended a rally deeper into record territory, according to Lipper.

At the same time, U.S. taxable bond funds attracted $8.7 billion, their twentieth straight weekly inflow, Lipper data released on Thursday showed. Money market funds shed $4.6 billion during the week.

Russia: Thousands protest against Kremlin for fourth week

Protesters across Russia demand the release of a governor arrested on what they say are trumped-up murder charges.

Mass protests triggered by the arrest of a popular governor in Russia are now in their fourth week.

The demonstrations started in the far-eastern city of Khabarovsk, but have spread to the rest of the country.

 

Al Jazeera’s Emily Siu reports.

Young people across the UK worry about their futures

The coronavirus pandemic and related lockdowns are affecting career prospects for young people in the UK.

In the UK, one of the long-term effects of the pandemic will be limiting career prospects for young people.

This year is seeing a marked decrease in vacancies and opportunities, and many fear this will persist for years to come.

Al Jazeera’s Sonia Gallego reports from London.

U.S. stock funds post $7.1 billion weekly outflow: Lipper

(Reuters) – U.s.-based stock funds shed $7.1 billion in the week ended Wednesday, even as Wall Street’s main indexes extended a rally deeper into record territory, according to Lipper.

At the same time, U.S. taxable bond funds attracted $8.7 billion, their twentieth straight weekly inflow, Lipper data released on Thursday showed. Money market funds shed $4.6 billion during the week.