Monday, April 3, 2017
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.
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.
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.
Sunday, April 2, 2017
Ecuador opposition candidate alleges fraud
Right-wing opposition candidate Guillermo Lasso alleged fraud Sunday in Ecuador's presidential runoff election, vowing to contest results that had his rival Lenin Moreno extending a decade of socialist rule. Moreno, the designated heir to President Rafael Correa's "21st-century socialism," had 51.12 percent of the vote to 48.88 percent for ex-banker Lasso, with 96.21 percent of districts reporting, said the National Electoral Council. Lasso said his campaign had evidence of an attempt to rig the results.
In an unusual appearance on CBS News' "60 Minutes" on Sunday, officer Betty Shelby insisted her actions, captured on videotape, were driven entirely by the behavior of the man she shot, Terence Crutcher. Although the footage showed Crutcher, 40, had his hands in the air as he stood beside his car in a roadway just before Shelby shot him, she said the video fails to show clearly that he suddenly reached into the vehicle in what she believed was an attempt to grab a weapon. It was that move, and his repeated failure to heed her commands, that led Shelby, 42, to use lethal force.
Ecuador rivals both claim victory in tight runoff
Both candidates in Ecuador's presidential runoff claimed victory on the basis of conflicting exit polls Sunday, setting up a tense wait as the country charts its future after a decade under leftist Rafael Correa. The election is being closely watched as a barometer of the political climate in Latin America, where more than a decade of leftist dominance has been waning. It may also decide the fate of WikiLeaks founder Julian Assange, who has been holed up in Ecuador's London embassy since 2012.
Chicago police arrest boy, 14, seek others in Facebook rape case
Police in Chicago have arrested a 14-year-old boy and are seeking a 15-year-old in connection with the gang rape of a teenage girl that was broadcast on Facebook Live, authorities said Sunday. Police were working to identify other suspects -- the Facebook video, since taken down, showed as many as six -- but the trauma suffered by the 15-year-old victim was complicating the investigation, area commander Brendan Deenihan told a news conference. "She's just having a difficult time even communicating what occurred to her," Deenihan said, adding that the teen had been cyber-bullied by people belittling her ordeal, and that her family had received threats.
Prime Minister Aleksandar Vucic claimed the Serbian presidency on Sunday as a poll showed him to be the clear winner despite accusations that he would steer the country toward authoritarian rule. According to the IPSOS research institute Vucic won about 55 percent of the vote, far above the 50 percent threshold required to win in the first round. Former ombudsman Sasa Jankovic was projected to come in second with about 16 percent.
Ecuadoreans vote in closely watched presidential election
By Alexandra Ulmer and Alexandra Valencia QUITO (Reuters) - Ecuadoreans were voting on Sunday in a hard-fought presidential election that could see an ally of President Rafael Correa extend a decade of leftist rule or a former banker usher in more business-friendly policies. The Andean country is on edge after a tense campaign that centered on a flagging economy, while the region is watching to see if Ecuador will follow Argentina, Brazil and Peru in shifting to the right as a commodities boom ended. Ecuador's election also has international repercussions, with conservative challenger Guillermo Lasso vowing to remove Wikileaks founder Julian Assange from Ecuador's London embassy if he wins the Sunday run-off.