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Imagination Tech shares plunge 69 pct as Apple abandons British firm
![Imagination Tech shares plunge 69 pct as Apple abandons British firm]( "Imagination Tech shares plunge 69 pct as Apple abandons British firm")
Shares in Imagination Tech crashed 69 percent on Monday after its biggest customer Apple said it would stop using the British firm's graphics technology in the iPhone and other products in up to two years' time. Shares in Imagination, in which Apple holds an 8 percent stake, plunged to a seven and a half-year low. Imagination said Apple, its biggest customer, was developing its own independent graphics processing chips, which would reduce its reliance on the company.
Assange taunts Ecuador opponent after election
WikiLeaks founder Julian Assange waded into Ecuador's contested presidential election, tweeting his congratulations to the ruling socialist party's candidate and telling his rival he should leave the country. Assange, who has been holed up in Ecuador's London embassy since 2012, had a personal stake in the race: opposition candidate Guillermo Lasso had threatened to kick him out of the embassy within 30 days if he won the election. The 45-year-old Australian buoyantly turned that threat around on Lasso as official results showed the conservative ex-banker on track to lose.
Police seek carjacking suspect who was doused with gasoline
Surveillance video shows woman spray Massachusetts carjacking suspect with gasoline before he manages to drive away.
Armenia's ruling party set to win 'milestone' vote
Armenia's ruling party was set to win the first parliamentary elections since the adoption of constitutional reforms transforming the country into a parliamentary republic, according to official results released on Monday. With votes tallied from 50.4 percent of precincts, the central electoral commission said pro-Russian President Serzh Sarkisian's Republican Party was leading the main opposition coalition, led by wealthy politician Gagik Tsarukyan, by 50.43 to 28.29 percent. "According to the elections' early results, the Republican Party has every chance of forming the new government," the party's spokesman, Eduard Sharmazanov, told a news conference.
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