A major U.S. asphalt company agreed to pay US$16.6 million in fines while pleading guilty Tuesday to federal charges that it paid millions in bribes to officials in Brazil, Ecuador and Venezuela for almost a decade to win lucrative contracts.
An Ecuadorian court on Monday upheld an eight-year prison sentence against former President Rafael Correa for breaking campaign finance laws, blocking him from participating as a vice-presidential candidate in the 2021 election.
Chinese fishing vessels operating in the vicinity of the Galapagos Islands are complying with international fishing regulations on the high seas and none have been reported for illegal activities, China's ambassador to Ecuador said on Monday.
A judge in Ecuador on Thursday placed former president Abdala Bucaram under house arrest over his alleged involvement in a corruption scandal blamed in the murder of an Israeli prison inmate, the public prosecutor said.
Ecuador expects a quick resolution to a trade dispute with China over traces of coronavirus in a container of exported shrimp that led Beijing to suspend imports from three companies, Ecuador’s production and trade minister said on Tuesday.
Ecuador's navy is conducting surveillance of a massive Chinese fishing fleet that is operating near the protected waters of the Galapagos Islands, amid concerns about the environmental impact of fishing in the area of the ecologically sensitive islands.
Ecuador will extend the deadline for creditors to vote on its US$ 17.4 billion debt restructuring plan to Monday following a lawsuit by a small group of bondholders, the finance ministry said on Thursday.
Ecuador is on alert due to the appearance of a huge fleet of mostly Chinese-flagged fishing vessels off its Galapagos Islands. Patrols are trying to ensure the fleet - which is made up of around 260 vessels - does not enter the delicate eco-system from international waters.
Ecuador unveiled new, tighter regulations for the design and construction of mining waste dams, seeking to avoid disasters like the tailings dam collapse that killed hundreds at a Vale site in Brazil last year.
The situation in the Ecuadoran capital Quito is critical due to the coronavirus epidemic Health Minister Juan Carlos Zevallos warned. Between April and July, public hospitals in Quito - home to 2.78 million - expanded their intensive care units from 61 to 162, Zevallos said in a nightly interview with the Teleamazonas network.