Socialist Luisa Gonzalez concedes defeat in Ecuador election

Socialist Luisa Gonzalez on Sunday conceded defeat in her race for Ecuador's presidency against banana empire heir Daniel Noboa, who at 35 becomes the violence-riddled country's youngest-ever president-elect.

Speaking to supporters in Quito, Gonzalez congratulated Noboa, who calls himself "center-left" but embraces neoliberal economic thinking and has vowed to create offshore prisons on barges to isolate the most violent inmates in a country gripped by a bloody drug gang war.