From Hollywood to Detroit, pandemic-weary companies cautious on Omicron

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The WHO warned yesterday the Omicron variant carries a very high global risk of infection surges. — Reuters pic Follow us on Instagram and subscribe to our Telegram channel for the latest updates. NEW YORK, Nov 30 — Pandemic-weary corporations struggled to assess the impact of the new Omicron variant of the coronavirus yesterday, with industries from Hollywood movie studios to airlines and autos awaiting more details to help determine how it might affect their operations and profits.The World Health Organisation warned yesterday the Omicron variant carries a very high global risk of infection surges. Spooked investors wiped roughly US$2 trillion (RM8.4 trillion) off global stocks on Friday, but markets regained some ground yesterday.Countries have swiftly imposed bans on travel from southern Africa, where the variant was first uncovered. Japan and Israel went even further, annou…