Ecuador Financial News

Criminal networks in the European Union are penetrating legal businesses across the 27-nation bloc and rely heavily on corruption to develop their activities

India's defence exports have witnessed a significant surge in 2023-24 with a growth of ₹21,083 crore. In fact, the last few financial years have witnessed steady and methodical increase in India's defence exports to countries including the Seychelles, the Maldives, Mauritius and Ecuador. These y-o-y increases started primarily in 2017-18, with the trajectory of defence exports hitting ₹4,682 crore, followed by a significant jump to ₹10,745 crore, which represented an increase of an impressive 129.49% in 2018-19. Then, a dip of 15.16% in defence export performance in 2019-20 to ₹9,115 crore was induced by the pandemic. A further decrease ensued in 2020-21, due to the continuation of Covid, by 7.47% to ₹8,434 crore. The decrease in 2019-20 and 2020-21 was not as precipitous as the surge in defence export growth in the pre-pandemic phase. In the post-pandemic phase, defence exports regained their footing with an increase to ₹12,814 crore in 2022-23, which was higher than in the pre-pandemic year of 2018-19 when exports actually experienced a significant rise.

QUITO (Reuters) — Ecuador's youngest mayor, Brigitte Garcia, and an advisor were found shot dead in a car early on Sunday, said police in the South American country, which is in the grips of a wave of violence that authorities blame on drug trafficking

JetBlue Airways is cutting back

Several U.S. discount retailers are recalling packages of ground cinnamon after health officials warned they were contaminated with high levels of lead

Geneva-based commodities trading firm Gunvor said Friday that it has reached $661 million settlement with U.S. and Swiss prosecutors after a conviction for bribery of foreign officials in connection with the petroleum industry in Ecuador

Julian Assange will make one last attempt to block his extradition to the US, where he faces decades in prison over spying charges in the long-running battle that's spanned more than a decade. The WikiLeaks founder asked a London judge for permission to appeal the UK's 2022 decision to extradite him to the US where he's charged with criminal espionage for leaking classified documents. His lawyers argue that sending him to the US would breach his human rights while other supporters say it would be an attack on free speech.

climate tax targeting tourists who flock to the Aloha State. If approved, the tax revenue would go towards safeguarding beaches and mitigating the risk of wildfires, providing vital support for environmental conservation efforts across the state, as per a report. Hawaii's proposal to implement a tourist tax aligns with similar measures taken by other popular destinations worldwide. Countries such as Greece, Italy's Venice, the Galapagos Islands in Ecuador, Palau, and New Zealand have all enacted similar fees aimed at tourists, with charges ranging from $1 to $100. This approach reflects a growing trend among tourist hotspots to address the environmental and infrastructural strains caused by large numbers of visitors, according to New York Post report.

A diplomatic rift between Ecuador and Russia appeared to intensify over the weekend after the European nation decided to ban some imports of bananas from Ecuador

extraordinary event! Lord Rama will be formally invoked in the temple's main deity during the traditional Prana Pratishtha and will be landing to grace the entire world! Having been formally invited, THE SUPREME PONTIFF OF HINDUISM (SPH), BHAGAVAN SRI NITHYANANDA PARAMASHIVAM will be attending this grand event," the self-styled godman wrote on X. Nithyananda also shared elaborate plans on how his self-proclaimed country Kailasa plans to celebrate the ‘pran-pratishtha’ ceremony of the Ram Temple in Ayodhya.

QUITO (Reuters) — Ecuadorean prosecutor Cesar Suarez, who focused on pursuing organized trans-national crime in Guayas province, one of the country's most violent areas and the site of an on-air attack on a television station last week, has been killed, the attorney general said on Wednesday.

Ecuador prison officials taken hostage by inmates have been freed, the prisons authority said Saturday, as the country grapples with a brutal campaign of gang terror. The 24 guards and 17 administrative employees had been «released,» the SNAI prisons agency said without providing details, while 133 guards and three employees continue to be held hostage.

Amazon rainforest has revealed evidence it was once a large-scale hub of interconnected cities that date back more than 2,500 years.The findings were published Thursday in the journal Science and detail the researchers’ work in mapping the network of settlements, which may be the earliest example of urbanism ever documented in the Amazon.“It was a lost valley of cities,” said Stéphen Rostain, first author of the study and a director of France’s National Center for Scientific Research. “It’s incredible.”The team of researchers identified at least 15 distinct settlements connected by a network of roads that stretched 10 to 20 kilometres.

By Alexandra Valencia

Noboa said on Wednesday his country was «at war» with drug gangs who are holding prison guards hostage, amid a dramatic surge in violence that saw gunmen briefly take over a TV live broadcast and explosions in multiple cities. Noboa on Tuesday named 22 gangs as terrorist organizations, making them official military targets. The president took power in November pledging to tackle a growing security problem caused by a rise in drug-trafficking gangs transporting cocaine through Ecuador.

Daniel Noboa declared the country to be in a state of "internal armed conflict" after gangsters declared "war" in an escalating security crisis sparked by the prison escape Sunday of one of Ecuador's most powerful narco bosses. Long a peaceful haven sandwiched between top cocaine exporters Colombia and Peru, Ecuador has seen violence explode in recent years as enemy gangs with links to Mexican and Colombian cartels vie for control.

A live broadcast by Ecuadorean television station TC was interrupted on Tuesday by armed people, with gunshots and yelling heard on a live feed, as President Daniel Noboa issued a decree declaring 22 gangs as terrorist organizations.

U.S. health officials say that recalled cinnamon applesauce pouches tied to lead poisoning in U.S. kids contained chromium, a chemical element that can be toxic

By Luis Jaime Acosta

Parents of children who posted sky-high blood lead levels after eating potentially tainted apple cinnamon fruit puree pouches are worried about their kids' futures

U.S. food inspectors found “extremely high” lead levels in cinnamon at a plant in Ecuador that made applesauce pouches tainted with the metal