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☆ New Ecuador president Noboa pledges reforms to reduce violence, create jobs
▼ + stars: | 2023-11-23 | by ( Alexandra Valencia | ) www.reuters.com time to read: +4 min

[1/2] Ecuador's President Daniel Noboa signs first decrees to appoint ministers, at the Presidential Palace (Palacio de Carondelet) on the day of his swearing-in ceremony, in Quito, Ecuador November 23, 2023. REUTERS/Karen Toro Acquire Licensing RightsQUITO, Nov 23 (Reuters) - Business heir and former legislator Daniel Noboa was sworn in as Ecuador's new president on Thursday, pledging to reduce violence and create jobs via urgent legislative reforms. Noboa will serve as president for just 17 months, finishing predecessor Guillermo Lasso's term after Lasso brought forward elections to avoid likely impeachment. DEBT AND SECURITYThough most of Noboa's cabinet was sworn in later on Thursday, the young president did not appoint a minister of economy and finance, leaving the position vacant. Noboa is the son of Alvaro Noboa, a powerful banana baron billionaire who repeatedly failed to win Ecuador's presidency.

Persons: Daniel Noboa, Karen Toro, Fernando Villavicencio, Noboa, Guillermo Lasso's, Lasso, Sariha Moya, Rafael Correa, Alvaro Noboa, Lavinia Valbonesi, Alexandra Valencia, Julia Symmes Cobb, Oliver Griffin, Marguerita Choy, Bill Berkrot Organizations: Carondelet, REUTERS, Rights, National Assembly, El, Social Christian Party, Citizens, Ecuador's, Thomson Locations: Quito, Ecuador, Rights QUITO, American, Noboa, Europe

☆ Ecudor crisis: How gang warfare jumped from Ecuador's prisons to the open street
▼ + stars: | 2023-07-26 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +7 min

CNN —Frantic purchases of ammunition, the daylight assassination of a mayor, and a growing body count inside Ecuador’s prisons signal that the country’s roiling security crisis is going from bad to worse. Violence has been most pronounced on Ecuador’s Pacific coast as criminal groups battle to control and distribute narcotics, primarily cocaine. The country has also lost control of its prisons, which are often ruled by the criminal gangs. Ecuador's President Guillermo Lasso speaks during a meeting in the Carondelet Palace in Quito on November 10, 2021. The crisis has also affected the security and justice system with allegations of corruption swirling around some in courts and police.

Persons: Agustin Intriago, Ariana Chancay, Agustin Intriago's, Dolores Ochoa, Guillermo Lasso, Vicente Gaibor del Pino, Coronel Mario Pazmiño, CRISTINA VEGA RHOR, Lasso, ” Lasso, ”, Fausto Salinas, Luisa Gonzalez, Otto Sonnenholzner, Yaku Perez Organizations: CNN, Manta, Security, Authorities, Reuters, Ecuadorian Army, Getty, Public Security Council, Ecuadorian Locations: Ecuador’s, Guayaquil, Manta, Ecuador, South America, North America, Europe, Peru, Colombia, America, Bolivia, Carondelet, Quito, AFP, Manabi

☆ Explainer: Why are Ecuador lawmakers trying to impeach President Lasso?
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +3 min

[1/3] Ecuadorean President Guillermo Lasso participates in an interview at Carondelet Palace, in Quito, Ecuador April 26, 2022. REUTERS/Santiago Arcos/File PhotoQUITO, April 24 (Reuters) - Ecuadorean opposition lawmakers and President Guillermo Lasso - or his lawyer - are scheduled to testify this week in impeachment hearings that could see the conservative former banker censured and removed from office. Lasso has denied the charges, pointing out the contract was signed in 2018, three years before he took office. Estupinan is a key witness for opposition lawmakers, who say the former manager claims to have warned Lasso about contract irregularities allegedly committed by Luque, but got no response. Lawmakers from the Revolucion Ciudadana party of former President Rafael Correa, fierce opponents of Lasso, have pledged to cast their 47 votes for removal.

☆ Tesla shareholder group complains Elon Musk is too distracted to run company
▼ + stars: | 2023-04-21 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —A group of progressive Tesla shareholders want the company’s board of directors to make CEO Elon Musk concentrate more on one of his many jobs, that of running the EV automaker. In addition to his role at Tesla (TSLA), Musk also leads Twitter, SpaceX, the Boring Company, and Neuralink, among others. The letter says that the investors signing the letter own $1.5 billion worth of Tesla shares, which represents well less than 1% of Tesla shares. By comparison, Musk owns or has options to purchase about $118 billion worth of Tesla shares, representing 20% of the stock. “Tesla needs a board that will ensure that the CEO is focused on addressing its challenges,” said the letter.

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