Saudi energy minister says confident China can contain, eradicate new coronavirus

Saudi energy minister says confident China can contain, eradicate new coronavirus

DUBAI: Saudi Arabia's Energy Minister said on Monday the Kingdom was closely monitoring developments in global oil markets resulting from "gloomy expectations" over the impact of the new coronavirus on the Chinese and global economy and oil market fundamentals.. Prince Abdulaziz bin Salman said he was confident the Chinese government and international community could contain the spread of the virus and fully eradicate it.. The minister said the impact on global oil markets was "primarily driven by psychological factors and extremely negative expectations adopted by some market participants despite its very limited impact on global oil demand.". After Brexit-settling poll, UK firms see business bounce /node/1618601/business-economy. Other businesses are also reporting a post-election recovery, and Chancellor of the Exchequer Sajid Javid says he is hopeful that Britain's economic growth can eventually bounce back to its pre-financial crisis levels of nearly 3 percent a year.. "January is usually synonymous with a very, very slow start to the year.. The world economy had its weakest growth since the global financial crisis last year and has not reached a turning point, the International Monetary Fund says, and uncertainty could return to weigh on Britain if talks with the EU about a new