Latest Government subsidies News

After ending protests, Ecuador faces dire economic outlook

Oct. 15, 2019 6:17 PM EDT

QUITO, Ecuador (AP) — President Lenín Moreno survived the toughest political crisis of his presidency by negotiating an end to indigenous anti-austerity protests. Now he faces an even tougher challenge. Ten years of populist rule and a drop in oil prices have left Ecuador with a $64 billion public...

Ecuador crisis weakens president, strengthens indigenous

Oct. 14, 2019 9:41 PM EDT

QUITO, Ecuador (AP) — Thousands of indigenous demonstrators, student volunteers and local residents launched a mass cleanup Monday of a Quito park where anti-austerity protesters fought police for days, leaving piles of burning tires, trees and construction material. President Lenín Moreno signed a...

Regulators ask for expedited power grid reliability study

Oct. 14, 2019 6:10 PM EDT

BILLINGS, Mont. (AP) — Utility regulators from three states used nearly identical language in letters urging the Federal Energy Regulatory Commission to speed up its study on the effects of upcoming coal-fired power plant closures on the U.S. power grid. The Billings Gazette reports the language appeared...

China's auto sales sink 6.3% in September

Oct. 14, 2019 6:42 AM EDT

BEIJING (AP) — China's auto sales sank 6.3% in September from a year earlier and purchases of electric cars tumbled 34.2% at a time when the industry is spending heavily to meet government sales quotas for the technology, an industry group reported Monday. The global industry's biggest market is on track...

Ecuador indigenous, president strike deal to end protests

Oct. 13, 2019 11:14 PM EDT

QUITO, Ecuador (AP) — President Lenín Moreno and leaders of Ecuador's indigenous peoples struck a deal late Sunday to cancel a disputed austerity package and end nearly two weeks of protests that have paralyzed the economy and left seven dead.  Under the agreement announced just before 10...

President orders army onto streets of Ecuadorian capital

Oct. 13, 2019 12:07 AM EDT

QUITO, Ecuador (AP) — Ecuador's army took to the streets after President Lenín Moreno ordered the first 24-hour curfew in decades in response to a day of attacks on government buildings and media offices. By Saturday night, soldiers had retaken control of the park and streets leading to the National...

The Latest: Ecuador's president offers some concessions

Oct. 12, 2019 11:25 PM EDT

QUITO, Ecuador (AP) — The Latest on Ecuador's political crisis (all times local): 10:25 p.m. President Lenín Moreno has announced some possible concessions in an economic package that was opposed by many Ecuadorians. But he says he won't restore fuel subsidies, whose removal had triggered nationwide...

A look at who's who in Ecuador's deadly political crisis

Oct. 11, 2019 12:11 AM EDT

Over a week of deadly unrest has plunged Ecuador into crisis, with clashes, looting, blockades, hundreds of arrests, a state of emergency declaration, stalled economic activity and government operations moved out of the capital. The protests erupted over an end to subsidies that kept fuel prices low, while...

Defiant protesters in Ecuador parade captive police officers

Oct. 10, 2019 10:05 PM EDT

QUITO, Ecuador (AP) — Anti-government protesters paraded captive police officers on a stage Thursday, defying Ecuadorian authorities who are seeking dialogue with opponents, particularly indigenous groups, after deadly unrest that was triggered by fuel price hikes. Some of the officers were later forced to...

Ex-Ecuador president wants new vote, denies planning coup

Oct. 10, 2019 11:02 AM EDT

BRUSSELS (AP) — Former Ecuador President Rafael Correa on Thursday dismissed as "nonsense" allegations that he is plotting with Venezuela President Nicolas Maduro to destabilize the current Ecuador government amid violent unrest sparked by fuel price hikes. In an interview with The Associated Press, Correa...