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☆ Ecuador Police Destroy Over 20 Metric Tons of Cocaine
▼ + stars: | 2024-01-25 | by ( Jan. | At P.M. | ) www.usnews.com time to read: 1 min

QUITO (Reuters) - Ecuadorean Police on Thursday destroyed some 21.5 metric tons of cocaine which they seized over the weekend as part of a military offensive declared by the government to combat organized crime. The drugs were found on Sunday stored in hundreds of blocks in storage space built under a pig farm located in the city of Vinces, officials said. Authorities used a technique known as encapsulation to destroy the drug, pulverizing the seized blocks with waste before mixing the resulting fine powder with cement, sand and glass. The method prevents cocaine from contaminating the environment or being recovered, authorities say. (Reporting by Tito Correa and Karen Toro; Writing by Oliver Griffin; editing by Jonathan Oatis)

Persons: Tito Correa, Karen Toro, Oliver Griffin, Jonathan Oatis Organizations: Ecuadorean Police, Authorities Locations: QUITO, Vinces

[1/4] An illegal money changer checks old U.S. dollars at a marketplace in Harare, Zimbabwe, November 26, 2020. The government reintroduced the local currency in 2019, but it rapidly lost value. Zimbabwe's dollarization story is as full of warnings as it is with promise. During the five years before dollarization in 2000, the monthly measure of annualized inflation averaged 33% in Ecuador. "With our local currency we couldn't buy anything, it was very expensive to acquire things, so dollarization ... allowed people to have greater security in their purchases."

Persons: Javier Milei, Milei, Zimbabwe's, Bongiwe Mudau, Dollarization, dollarization, Mudau, Moses Mhlanga, Nestor Cerneaz, Wilson Andrade, Juan Carlos Villota, Guido Puig, Tito Correa, Nyasha, Miguel Lo Bianco, Rodrigo Campos, Adam Jourdan, Karin Strohecker, Rosalba O'Brien Organizations: REUTERS, Philimon, Rights, U.S ., Reuters, International Monetary Fund, hawker, Reuters Graphics Reuters, dollarization, Thomson Locations: Harare, Zimbabwe, Philimon Bulawayo, Rights QUITO, HARARE, BUENOS AIRES, Zimbabwe's, Quito, Ecuador, Argentina, El Salvador, greenbacks, Buenos Aires, Argentine, New York

QUITO/GUAYAQUIL, Oct 15 (Reuters) - Business heir Daniel Noboa on Sunday won Ecuador's presidential election, vowing to rebuild the South American country, which is struggling with a weak economy and rising crime and violence. "From tomorrow Daniel Noboa starts work as your new president," he added. "Daniel Noboa, our profound congratulations, because this is democracy," Gonzalez told supporters in Quito, calling on Noboa to fulfill his promises to students and the elderly. [1/16]Ecuadorian presidential candidate Daniel Noboa and his wife Lavinia Valbonesi celebrate his win in the presidential election, in Santa Elena, Ecuador. Analysts have said a Noboa victory initially could be perceived as positive by investors, but longer-term outlook will depend on his cabinet appointments.

Persons: Daniel Noboa, Noboa, Fernando Villavicencio, Alvaro, Luisa Gonzalez, Gonzalez, Rafael Correa, Lavinia Valbonesi, Santiago Arcos, Eduardo Chavez, Diana Atamaint, Correa, Guillermo Lasso, Alexandra Valencia, Yury Garcia, Tito Correa, Rodrigo Campos, Julia Symmes Cobb, Diane Craft, Bill Berkrot, Deepa Babington, Gerry Doyle Organizations: Sunday, Ecuadorian, Santiago, National Democratic, Thomson Locations: QUITO, GUAYAQUIL, American, Ecuador, Olon, Quito, Santa Elena, Guayaquil, Sucumbios, Nicaragua, Russia, Belarus, Israel, Canuto, New York

Police officers work outside the rally site where Ecuadorean presidential candidate Fernando Villavicencio was killed at a campaign event in Quito, Ecuador August 9, 2023. REUTERS/Karen ToroQUITO, Aug 10 (Reuters) - The murder of Ecuadorean presidential candidate Fernando Villavicencio has made some voters more wary of going to the polls on Aug. 20, making an unsettled election even harder to forecast. Voters said they were afraid of more bloodshed, with some weighing whether to comply with mandatory voting rules. "I am scared and I'm thinking about whether to go vote," said Quito manicurist Margarita Alvarado, 45. "The assassination of presidential candidate Fernando Villavicencio complicates what is already an atypical and complex political crisis in Ecuador," said Verisk Maplecroft chief analyst Jimena Blanco and lead Americas analyst Eileen Gavin in a note.

Persons: Fernando Villavicencio, Karen Toro QUITO, Margarita Alvarado, couldn't, Alvarado, pollster Cedatos, Verisk, Jimena Blanco, Eileen Gavin, Villavicencio's, Villavicencio, Luisa Gonzalez, Teneo, Rafael Correa, Gonzalez, Correa, Guillermo Lasso, Lasso, Paulina Recalde, Perfiles, Recalde, Fernando, Santiago Avilez, Alexandra Valencia, Tito Correa, Julia Symmes Cobb, Brad Haynes, David Gregorio Our Organizations: REUTERS, Voters, Twitter, Albanian mafia, Thomson Locations: Quito, Ecuador, Americas

☆ Ecuadorean votes could bar oil output in Amazon reserve, mining near Quito
▼ + stars: | 2023-07-31 | by ( Alexandra Valencia | ) www.reuters.com time to read: +5 min

But oil and mining guilds say their industries are needed to shore up Ecuador's battered economy and that bans would expose the areas to illegal mining and deforestation. Outgoing President Guillermo Lasso, who moved ahead elections after lawmakers attempted to oust him, has failed to raise oil production or attract more mining investment as violence and social problems have worsened. A "yes" vote in both referendums could complicate finances for his successor. State oil company Petroecuador says a "yes" on the Yasuni referendum would cost the country $13.8 billion in income over the next two decades. But residents say mining will threaten high altitude wetlands, water and animals like the spectacled bear.

Persons: Read, Ecuadoreans, Guillermo Lasso, Santiago Pérez, Ramon Correa, Correa, Rafael Correa, Pedro Bermeo, Bermeo, Petroecuador, Australia's SolGold, Maria Eulalia Silva, Morelia Fuentes, Alexandra Valencia, Tito Correa, Karen Toro, Julia Symmes Cobb, Marguerita Choy Organizations: ITT, Environmental, Reuters, Voters, of Mining, Mining, Thomson Locations: Orellana, Orellana province, Ecuador, QUITO, Quito, Choco, North America, State, Pastaza

☆ Digging with scant hope, families search for dozens missing in Ecuador landslide
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +2 min

[1/4] People dig amid debris as they look for relatives, following a landslide, in Alausi, Ecuador March 28, 2023. REUTERS/Karen ToroALAUSI, Ecuador, March 28 (Reuters) - Families and rescue groups in Ecuador worked to find dozens of people still missing after a landslide smothered buildings and a stadium in the small city of Alausi, with the official death toll of seven expected to rise. Some 64 people were missing as of Monday night, according to Ecuador's disaster agency, and around 32 survivors had been rescued. Using spades, relatives dug through the dirt in spots they believe their loved ones were when the landslide hit. President Guillermo Lasso visited the area on Monday night and offered to extend the rescue efforts to find the missing.

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