Sanctions may hurt but China oil is N Korea's weakness
Hong Kong
FOR North Korea's fledgling economy, the latest round of sanctions will cut deep.
The curbs on everything from lead and fish exports to shady North Korean companies coincide with a deadly drought that's ruining crops, darkening an already dire humanitarian picture. An estimated 40 per cent of the population is already under-nourished and two-thirds are reliant on food aid, according to estimates by the United Nations Food and Agricultural Organization and the World Food Programme.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’
US jobs growth slows in April; jobless rate up to 3.9%
Magnitude 6.0 quake strikes Philippines, aftershocks and damage expected