News
Cuenca college students are demanding that city officials follow Quito’s lead and keep municipal bus fares at 25 cents. Following negotiations with bus companies, Quito Mayor Mauricio Rodas announced last week that fares would remain at 25 cents, although the city agreed to increase subsidies to carriers to cover costs. Without the subsidies, fares would...
President Rafael Correa said Thursday that Ecuador is justified in imposing tariffs on products from Colombia and Peru to maintain its financial stability. “I have been in discussions with the presidents of Colombia and Peru and we are working to reach a consensus and introduce more flexible terms but the tariffs will stand,” Correa said....
By Simon Romero and Jonathan Gilbert Argentina’s government asserted on Friday that an ousted spymaster was involved in the murky events around the death of the prosecutor investigating the 1994 bombing of a Jewish center, with with President Cristina Fernández de Kirchner’s chief of staff claiming that the prosecutor did not even write a complaint...
By Manuel Rueda The president of Ecuador is sick and tired of ‘cyber bullies’ mocking him with Facebook memes. And now he’s fighting back by creating a “volunteer” cyber army armed with pro-government propaganda. Social media memes are ideas, information and web sites that people spread by sharing with other readers. The first target in...
The United Arab Emerites (UAE) is putting blame from plunging oil prices squarely on the United States and Canada. UAE Energy Minister Suhail Mazroui said last week that it was impossible for Middle East oil producing countries to protect oil prices in the face of what he called the “flood of oil extracted from sand...
Latin America should become an area free of extreme poverty, and one where living are raised in general, according to Ecuador’s Foreign Minister Ricardo Patiño. Patiño was speaking ahead of next week’s Community of Latin American and Caribbean States (CELAC) meeting in Costa Rica. The reduction of poverty, along with the advancement of science, technology...
A strong thunderstorm paralyzed parts of central and southern Cuenca Saturday afternoon, flooding streets, cars and homes, and briefly filling the Rios Tomebamaba and Yanuncay to their banks. Flooding caused minor damage at the both the University of Cuenca and University of Azuay, while a number of cars on Avs. Las Americas, 12 de Abril...
By Nathan Gill Nicolas Maduro and Rafael Correa are both socialist disciples of the late Venezuela President Hugo Chavez, but only one is managing to convince bondholders he’s got the ability to weather the collapse in oil prices. While Chavez’s handpicked successor Maduro is struggling to ward off a default, Ecuador counterpart Correa is getting...
What effect will federal budget cuts have on Cuenca in 2015? Not much, at least what you can see, say several officials. “This year and next year, there will be more major projects in development than any other time in the city’s history,” says Pabel Muñoz, director of the National Planning Secretariat, noting that funds...
Ecuador’s economy has received a vote of confidence from the international rating agency Fitch. The agency’s opinion is used as a barometer of a country’s financial health and to set interest rates for public bond offerings. According to Fitch, “The Ecuadorian government’s announcement of cuts to the 2015 budget and the availability of new Chinese...
A 19-year-old Ecuadorian beauty queen and aspiring doctor died during a botched liposuction operation she was awarded as a prize, according to authorities. Catherine Cando, who was crowned Queen of Durán last fall, initially refused the slimming procedure reasoning that she could work off the weight with diet and exercise, her brother told local media...
By Grégory Salomonovitch and Caroline Pothie The communities living in Intag Valley in northern Ecuador have been opposing attempts to introduce an open-pit copper mine for 20 years. Such a mine would endanger one of the world’s richest areas in terms of biodiversity, known as cloud forest, part of which is old-growth forest. These unique...
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Week of April 28
General Motors Auto Parts Manufacturer Laments: “Today Marks a Dark Day for the National Industry”.
Minister Requests Resignations in Termogás Machala, Dubbed ‘Epicenter of Energy Inefficiency’.
Chevrolet to Cease Car Assembly in Ecuador by August, Production to Halt in Colombia.
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