Close Menu
NewsFile GH
  • Home
  • Local News
  • Politics
  • Business
  • Sports
  • Showbiz
  • Odd News
  • Opinion
What's Hot

Fire at GRIDCo’s Akosombo substation leaves parts of country without power

Carlos Queiroz outdoored

Ghana risks losing up to $2 bn if power outages persist, warns ASEC

Facebook X (Twitter) Instagram
Trending
  • Fire at GRIDCo’s Akosombo substation leaves parts of country without power
  • Carlos Queiroz outdoored
  • Ghana risks losing up to $2 bn if power outages persist, warns ASEC
  • My eight True Dare: ICUMS vs Truedare – Why is Truedare more expensive than ICUMS?
  • Parliament’s Energy Committee commends NPA’s openness
  • Earth Day 2026: ActionAid Ghana flags coastal pollution & climate risks as national concern
  • Akuapem chief declares GMTF, Free Primary Healthcare as lifesaving interventions
  • Chief of Staff participates in Harvard Ministerial Leadership Programme to strengthen gov’t delivery
Facebook X (Twitter) Instagram
NewsFile GH
Demo
  • Home
  • Local News

    Earth Day 2026: ActionAid Ghana flags coastal pollution & climate risks as national concern

    April 23, 2026

    Chief of Staff participates in Harvard Ministerial Leadership Programme to strengthen gov’t delivery

    April 22, 2026

    GIS cracks down on migrant begging networks in Kumasi; nearly 400 children grabbed

    April 22, 2026

    Bawumia confers with EU Ambassadors in Accra

    April 21, 2026

    MyHelp-YourHelp Foundation donates GH¢85,000 worth of relief items to Nsawam Female Prison

    April 21, 2026
  • Politics

    APL survey: Asiedu Nketia narrowly leads Julius Debrah in NDC 2028 race

    April 21, 2026

    NPP Bono Region Chairman Abronye flown abroad for ‘urgent’ medical care

    April 18, 2026

    Former NPP MP Paul Twum-Barimah defends High Court ruling on OSP powers

    April 17, 2026

    Chris Boadi-Mensah has doubled salary as NPRA boss without board approval – Assafuah alleges

    April 16, 2026

    11 staff transfers under Boadi-Mensah cost pensioners nearly GH¢1m – Assafuah alleges

    April 16, 2026
  • Business

    Fire at GRIDCo’s Akosombo substation leaves parts of country without power

    April 23, 2026

    Ghana risks losing up to $2 bn if power outages persist, warns ASEC

    April 23, 2026

    Parliament’s Energy Committee commends NPA’s openness

    April 23, 2026

    NPA CEO champions women empowerment at launch of NAPET Ladies Week 2026

    April 21, 2026

    Ghana’s Investment Revolution: Open for business, protected for citizens

    April 20, 2026
  • Sports

    Carlos Queiroz outdoored

    April 23, 2026

    Asante Kotoko’s interim coach Yaw Owusu resigns after barely two months

    April 21, 2026

    New Black Stars coach Carlos Queiroz arrives on Thursday for unveiling

    April 20, 2026

    AFCON 2025: Fresh evidence could strengthen Morocco’s hand at CAS in title dispute with Senegal

    April 19, 2026

    Thomas-Asante’s Coventry City end 25-year Premier League exile after securing promotion

    April 17, 2026
  • Showbiz

    Kwahu Easter a national tourism asset that needs infrastructure support – Mpraeso MP

    March 27, 2026

    Gyankroma Akufo-Addo denies $25m interchange painting claims; threatens legal action

    March 27, 2026

    OnlyFans owner Leonid Radvinsky dies at 43

    March 23, 2026

    Liizzy Gordon sings about the Blood of Jesus

    March 23, 2026

    Medikal vows to make an impact with ‘Red Means Stop’ campaign

    March 13, 2026
  • Odd News

    We had sex in a Chinese hotel, then found we had been broadcast to thousands

    February 6, 2026

    Nsawam Female Prison inmates showcase talents, proving rehabilitation thrives through discipline, culture and self-expression

    January 6, 2026

    Drunk raccoon found passed out on liquor store floor after breaking in

    December 3, 2025

    Search for Malaysia Airlines flight MH370 missing in 2014 to resume

    December 3, 2025

    School bans singing of KPop Demon Hunters songs

    November 17, 2025
  • Opinion

    My eight True Dare: ICUMS vs Truedare – Why is Truedare more expensive than ICUMS?

    April 23, 2026

    Ghana’s Investment Revolution: Open for business, protected for citizens

    April 20, 2026

    What 8 yrs in the wilderness taught me about business in Ghana

    April 20, 2026

    TALKING DRUM: Newtown Building Collapse – The Folly of a Nation!

    April 17, 2026

    After slavery recognition, Africa must break economic chains for real freedom

    March 30, 2026
NewsFile GH
Home»World»China slashes trade ties with N Korea
World

China slashes trade ties with N Korea

By KrobeaSeptember 23, 20173 Mins Read
Share Facebook Twitter LinkedIn Email WhatsApp Telegram Copy Link
Share
Facebook Twitter LinkedIn WhatsApp Copy Link Email
Petrol prices are on the rise in Pyongyang

China has moved to limit North Korea’s oil supply and will stop buying textiles from the politically isolated nation, it said on Saturday.

China is North Korea’s most important trading partner, and one of its only sources of hard currency.

The ban on textiles trade will hurt Pyongyang’s income, while China’s oil exports are the country’s main source of petroleum products.

The tougher stance follows North Korea’s latest nuclear test this month.

The United Nations agreed fresh sanctions – including the textiles and petroleum restrictions – in response.

A statement from China’s commerce ministry said restrictions on refined petroleum products would apply from 1 October, and on liquefied natural gas immediately.

A limited amount, allowed under the UN resolution, would still be exported to North Korea.

The current volume of trade between the two countries – and how much the new limits reduce it by – is not yet clear.

But the ban on textiles – Pyongyang’s second-biggest export – is expected to cost the country more than $700m (£530m) a year.

China and Russia had initially opposed a proposal from the United States to completely ban oil exports, but later agreed to the reduced measures.

North Korea has little energy production of its own, but does refine some petroleum products from crude oil it imports – which is not included in the new ban.

The AFP news agency reports that petrol prices in Pyongyang have risen by about 20% in the past two months.

“It was $1.90 yesterday, today it is $2,” a petrol station employee told the agency. “I expect the price will go up in the future.”

North Korea also produces coal, some $1.2bn of which was exported to China in 2016, but China had already strictly limited its imports of North Korean coal earlier this year.

North Korea’s foreign minister is expected to speak at the United Nations General Assembly later on Saturday, amid an escalating war of words between Kim Jong-un and Donald Trump.

The North Korean leader earlier labelled Mr Trump “mentally deranged” and a “dotard” while Mr Trump labelled Mr Kim a “madman” in response.

Russia’s foreign minister, Sergei Lavrov, said the row was “like when children in a kindergarten start fighting and no-one can stop them”.

Mr Lavrov said a pause was needed, “to calm down the hotheads”.

The pair were at odds over President Trump’s speech at the United Nations General Assembly, in which he threatened to “totally destroy” North Korea if forced to do so in defence of the US or its allies.

He also mocked Kim Jong-un with a disparaging nickname, saying: “Rocket man is on a suicide mission.”

But the North Korean leader said remarks by the “deranged” US president convinced him he is right to develop weapons for North Korea.

In an unprecedented personal statement, Mr Kim said Mr Trump would “pay dearly” for his speech, which he labelled “unprecedented rude nonsense”.

He said Mr Trump had insulted his country in the eyes of the world, and threatened to “surely and definitely tame the mentally deranged US dotard with fire.”

Experts say this is the first time a North Korean leader has made a direct address to an international audience – and it merits serious and thorough consideration.

Source: BBC

Share. Facebook Twitter LinkedIn Email Copy Link WhatsApp

Related Posts

Treason trial: videos of prosecution are like Kumkum Bhagya – Alan

May 23, 2023By newsfilegh5 Mins Read

Tons of cashew nuts rot as Ministry imposes ban on export

March 17, 2019By newsfilegh2 Mins Read

Chief to Akufo-Addo: Tackle protracted chieftaincy disputes

December 26, 2017By newsfilegh3 Mins Read
Follow Us
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Recent Posts
  • Fire at GRIDCo’s Akosombo substation leaves parts of country without power
  • Carlos Queiroz outdoored
  • Ghana risks losing up to $2 bn if power outages persist, warns ASEC
  • My eight True Dare: ICUMS vs Truedare – Why is Truedare more expensive than ICUMS?
  • Parliament’s Energy Committee commends NPA’s openness
  • Earth Day 2026: ActionAid Ghana flags coastal pollution & climate risks as national concern
Top Posts

Fire at GRIDCo’s Akosombo substation leaves parts of country without power

Carlos Queiroz outdoored

Ghana risks losing up to $2 bn if power outages persist, warns ASEC

My eight True Dare: ICUMS vs Truedare – Why is Truedare more expensive than ICUMS?

About Us
About Us

NewsFile Gh is a comprehensive news portal that delivers up-to-date information on a wide range of topics, including politics, business, sports, entertainment etc. It provides users with real-time news updates accessible anytime and anywhere...

Email Us: news@newsfilegh.com

Facebook X (Twitter) YouTube RSS
Recent

Fire at GRIDCo’s Akosombo substation leaves parts of country without power

Carlos Queiroz outdoored

Ghana risks losing up to $2 bn if power outages persist, warns ASEC

Most Popular

IS leader in Afghanistan ‘killed’

July 11, 2015

‘Oldest’ Koran found at UK university

July 22, 2015

Gunman in Mahama’s church for court today

July 28, 2015
© 2026 NewsFile GH. All Rights Reserved.
  • Home
  • Politics

Type above and press Enter to search. Press Esc to cancel.