South Africa's National Institute for Communicable Diseases said the number of reported cases rose from 4,373 on Tuesday to 8,561 on Wednesday. Scientists don't usually focus on daily variations in numbers, but last Wednesday, 1,275 cases were reported.
Omicron Potentially a Stabilizing Force for OPEC+
With the weight of oil markets, member states' fiscal balance sheets and geopolitical interests often pulling it in different directions, OPEC+ can be one unwieldy ship for Saudi Arabia to maneuver. Ironically, the Omicron variant of Covid-19 could prove to be a stabilizing force.
WeWork to Restate Results Due to Classification Error With Its SPAC Acquirer
WeWork Inc. said in a securities filing it would restate several quarters of its results, including its latest one, and that management has concluded there was a material weakness in its internal control.
The office-sharing company, which went public last month through a combination with BowX Acquisition Corp., a special-purpose acquisition company, said Wednesday the reinstatement relates to accounting classification of common shares issued as part of BowX's initial public offering.
Disney Elects Susan Arnold as Board Chairman, Replacing Robert Iger
Walt Disney Co.'s board of directors has elected Susan Arnold its new chairman, replacing Robert Iger, the longtime chief executive who is set to depart from the company later this month.
Ms. Arnold, whose career in business has included positions at the Carlyle Group Inc. and Procter & Gamble Co., has been a Disney board member since 2007 and is to become chairman on Dec. 31. She most recently served as its lead independent director.
Square Changes Name to Block, Days After CEO Jack Dorsey Leaves Twitter
Square Inc., the financial-services company co-founded and led by former Twitter Inc. chief Jack Dorsey, is changing its corporate name to Block Inc.
The change will be effective later this month, the company said Wednesday. Its ticker symbol will remain SQ.
Junket Operator Suncity's Group Chairman Resigns
Junket operator Suncity Group Holdings Ltd.'s Chairman Alvin Chau has resigned pending legal proceedings that involve allegations of illegal gambling and money laundering.
The resignation of Mr. Chau was effective from Dec. 1, Suncity said late Wednesday.
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Expected Major Events for Thursday
07:00/ROM: Oct PPI
07:30/SWI: Oct Retail Sales
08:00/AUT: 3Q GDP
08:00/SPN: Nov Unemployment
08:30/EU: Nov EuroCOIN indicator of euro area economic activity
09:00/ITA: Oct Unemployment
10:00/EU: Oct Unemployment
10:00/EU: Oct PPI
10:00/CYP: Nov CPI
11:00/FRA: Oct OECD CPI
15:00/DEN: Nov Foreign Exchange & Liquidity
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