AGP Executive Report
Last update: 4 hours agoEcuador Security & Governance: President Daniel Noboa ordered a new 60-day state of exception across 10 provinces and 3 municipalities, expanding security powers and suspending home inviolability as violence and criminal activity keep driving emergency rule. Diplomacy Reset: Noboa said he wants to restore diplomatic ties with Mexico, pointing to ongoing Mexican investment in Ecuador after the 2024 embassy crisis is now before the International Court of Justice. Fintech & Payments: Miami fintech Karta raised $140M (Series A led by Galaxy Ventures plus a $125M credit facility) to issue US Visa cards to global travelers without US credit history, aiming to scale revenue and payment volume fast. Labor & Business Risk: Luxury fashion label Salon 1884’s owner Andrea Marshall was indicted in New York over alleged sweatshop conditions and unpaid wages totaling about $54,000—an enforcement reminder for brands with global retail partners. Tourism Outlook: A WTTC forecast flags Ecuador as a standout 2026 tourism growth market, with travel-and-tourism GDP expected to rise sharply and inbound spending to jump.
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