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Olympics could be big failure amid crisis: Rio Governor Rio de Janeiro's interim Governor Francisco Dornelles has admitted the upcoming Olympic   Games   could be a "big failure" if there were no appropriate measures taken in regards to security and transport. Dornelles declared an unprecedented "state of public calamity in financial administration" earlier this month with less than 50 days until the opening ceremony, which could threaten "the fulfilment of the obligations as a result of the Olympic and Paralympic Games   Rio 2016 ", Xinhua news agency reported. Brazil's   federal government   has already reportedly agreed to disburse federal funds to cover Rio's shortfall, prioritising any projects considered necessary for the Games. However according to Dornelles, the funds have not yet reached the state. Dornelles also warned that due to lack of money, the police patrols may came to a halt by the end of the week. "I am o...

Trump targets to raise $10 million The campaign of Donald Trump, presumptive presidential nominee of the Republican party, has set a target of raising another $10 million by the month end, according to an email sent on Monday. Over the last few days, the Trump campaign raised $11 million, it said adding it is working to "shatter records" by raising another $10 million in the remaining four days of June. The mass email seeking funds was sent by his son Eric Trump, who described it as the most ambitious   fund raising   campaign yet. " Hillary Clinton 's campaign machine and her liberal media allies are desperate. First, they claimed we raised too little. Then, when donors like you helped us to raise $11 million in just a few days, they claimed we were lying," the junior Trump wrote in his first fund raising email. A real estate tycoon from New York,   Donald Trump   had self-funded his campaign during the primary elections. He started raising money ...

Chile manager Pizzi labels Messi as 'the best player of all time' Soon after guiding   Chile   to their second straight   Copa America   Centenario title,   manager   Juan Antonio   Pizzi   has lavished praise on Argentina star striker Lionel   Messi   and described him as the 'best player of all time'. Pizzi's announcement came right around the same time when Messi was announcing his retirement from   international   football   following his country's 2-4 defeat at the hands of Chile in Copa America. Although Messi missed his crucial penalty kick in the final match, Pizzi's opinion about his fellow countryman remains the same. Admitting that he admires Messi, Pizzi believes it is very difficult to match the numbers that the   Barcelona   striker achieved during his career. "Because I know what it means to value certain numbers and Messi's numbers are unmatched, and I don't think they will ever be m...

Brexit impact: 10 things to know about the political storm in UK Even as   Britain   is coming to terms with its electorate’s vote to exit the   European Union (EU), political turmoil in the UK has escalated too. While the European Union has asked UK to initiate the exit process swiftly, Scotland could throw a spanner in the works as it had voted to ‘remain’ in the EU. Meanwhile, the Labour Party is facing a revolt from its senior leaders, even as uncertainty prevails over Prime Minister David Cameron’s successor. Cameron quit the day the results of the   Brexit   referendumcame in, leaving it to his successor to deal with what will likely be a messy exit. Here are 10 things to know about the political crisis that has hit the UK. Scotland's threat Scotland is said to be considering a referendum to be independent from UK if Britain actually manages to exit the EU. The move is said to be under consideration after the nation voted to ‘remain’ in the E...

VW emissions scandal: South Korea issues arrest warrant against company executive A South Korean court on Friday issued the first warrant for the arrest of a   Volkswagen   AG executive in connection with its cheating of vehicle emissions tests, in another blow to the German automaker's efforts to move on from the scandal. The warrant is the first to be levelled against a Volkswagen executive anywhere in the world after the firm in September admitted to using software to falsify pollution tests on some diesel cars, spurring legal action in the United States, Germany,   South Korea   and elsewhere. "This is just the beginning of the investigation," an official at the prosecution office said, declining to be named because the investigation was ongoing. The Volkswagen Korea executive, identified by his last name Yun, faced five accusations including fabrication of documents and violation of the Air Quality Preservation Law, Seoul Central District Court spoke...

Twitter selling ad spots linked to NFL for over $50 million Micro-blogging website   Twitter   is planning to sell the ad packages linked to US National Football League (NFL) games streaming — which it purchased for $10 million back in April — for nearly $50 million, a media report said on Thursday. Twitter paid for the right to stream 10 of the   NFL   Thursday night games and Twitter CEO   Jack Dorsey   had hinted that this deal would help the company earn better traffic, tehnology website   Re/Code   reported. Dorsey and COO Adam Bain were in France at the annual Cannes Lions ad festival this week, working to drum up business. “These ads packages, which combine the ad inventory Twitter has around NFL, highlights that it also sold last year, plus the NFL game footage it bought this year, are selling between $2 million and $8 million per advertiser,” the report quoted a source as saying. That range depends on the number of ads and w...

Trump has no answers on substance of facts against him, says Hillary Clinton Presumptive presidential   Democratic   nominee   Hillary Clinton   has alleged that her   Republican   rival   Donald Trump   launched a personal attack against her because he has no answers on the substance of the facts against him. "Look, I know Donald Trump hates it when anyone points out how hollow his sales pitch really is," Clinton told her supporters at an election rally in this key city of North Carolina, hours after Trump called her a "world class liar". "I guess my speech yesterday must have gotten under his skin because right away he lashed out on Twitter with outlandish lies and conspiracy theories, and he did the same in his speech today," she said. "Now think about it. He's going after me personally because he has no answers on the substance. In fact, he doubled down on being the 'King of Debt'. So all he can do is try to distract us. Th...

Brexit: EU referendum voting gets undeway in UK Polling stations across the United Kingdom opened on Thursday morning to decide the historic   referendum   on whether the country should remain a member of the European Union   or leave the politico-economic union of 28 member states. The   voting   will take place between 7 a.m. and 10 p.m. local time. The national referendum is the third in UK history and comes four months after battle for votes between the 'Leave' and 'Remain' campaigns. Prime Minister David Cameron criss-crossed the country in a final effort to warn Britain's voters against rejecting the   EU   in the historic poll yesterday. This decision will also read as a referendum on his premiership. Last night, he was joined by former prime ministers Gordon Brown and Sir John Major, the Liberal Democrat leader, Tim Farron, and the Green MP Caroline Lucas, at events in Bristol and Birmingham, reports the   Guardian . The ...

Hedge fund and PE firm to buy Dell's software unit For more than a decade, the   hedge fund   Elliott Management   has focused on shaking up technology businesses with activist shareholder campaigns, urging companies to sell themselves. Now the hedge fund has taken a big step into the business of buying companies outright. Elliott and the private equity firm   Francisco Partners   said on Monday that they would buy Dell's software businesses. A price was not disclosed, though it is estimated to be more than $2 billion. The two are getting a mix of software makers that   Dell acquired over the years, including the security provider SonicWall and the information technology manager Quest Software. Dell had looked to sell the businesses in part to help raise cash to support its debt-heavy takeover of EMC Software, which faces a vote by EMC shareholders next month. Elliott has dabbled in private equity before, but in small ways. The hedge fund has of...

US opens up skies for commercial drone operators The   Federal Aviation Administration   has unveiled long-awaited new rules that clear the way for small, commercial   drones   to operate across   US   airspace – but don't expect an aerial delivery from Amazon just yet. Under the FAA's rules, drone operators will be allowed to fly commercial craft weighing less than 25 kilograms during daylight hours, provided they can maintain a clear view of the drone at all times. While that effectively precludes the sort of robo-delivery services being developed by Amazon and other major vendors, the new rules will nonetheless ensure drones become increasingly commonplace in the skies. Drone operators no longer need a full pilot's license. Now, they must only be 16 years old, vetted by the Transportation Security Administration and able to pass an FAA test for a two-year certification. Previously, commercial drone users had to apply for waivers to operate ...

Donald Trump questions Hillary Clinton's commitment to her Christian faith Presumptive Republican presidential nominee   Donald Trump   has questioned his Democratic rival Hillary Clinton's commitment to her Christian faith, saying that little is known about her spiritual life even though she has been in the public eye for decades. "We don't know anything about Hillary in terms of religion," Trump told a group of evangelical leaders. A video of the meeting was posted on social media. "Now, she's been in the public eye for years and years, and yet there's no - there's nothing out there," he said. "There's like nothing out there. It's going to be an extension of Obama but it's going to be worse, because with Obama you had your guard up. With Hillary you don't, and it's going to be worse," 70-year-old Trump said. In response to Trump's remarks, the Clinton campaign released a statement by evangel...