Author: bibhuti

Geothermal startup Fervo Energy said Monday it hopes to raise up to $1.3 billion in its initial public offering.  The company would be valued at up to $6.5 billion if shares sell at the top of its $21 to $24 price target. That’s more than twice what Fervo had reportedly been seeking earlier this year when it confidentially filed paperwork with the SEC to start the IPO process. The stock will trade on Nasdaq under the ticker FRVO. Fervo’s price target comes on the heels of X-energy’s successful IPO. The nuclear power startup raised $1 billion in an upsized IPO.…

A severe security vulnerability affecting almost every version of the Linux operating system has caught defenders off-guard and scrambling to patch after security researchers publicly released exploit code that allows attackers to take complete control of vulnerable systems. The U.S. government says the bug, dubbed “CopyFail,” is now being exploited in the wild, meaning it’s being actively used in malicious hacking campaigns. The bug, officially tracked as CVE-2026-31431 and discovered in Linux kernel versions 7.0 and earlier, was disclosed to the Linux kernel security team in late March, and patched after about a week. But the patches have yet to fully…

Key Takeaways: Milei’s tax-free law failed to attract even $1 billion of the $170 billion held outside banks, curbing liquidity. Facimex Valores Adrián Yarde Buller notes that citizens distrust banks due to the 2001 crisis. Milei has walked back his main campaign promise to dollarize Argentina, citing peso preference. Argentines Still Distrust the Government: Fiscal Innocence Law Struggles to Gain Traction While President Javier Milei could have had the best intentions by approving the Fiscal Innocence Law to incentivize inflows of previously undeclared dollars into the financial system, Argentines are not buying it. Analysts estimate funds held by Argentines outside…

Magnificent Motors in Eastbourne saw around 600 vehicles park on Western Lawns and Wish Tower Slopes on Saturday and Sunday. Magnificent Motors in Eastbourne (Image: Grazyna Hammond) The free car show is one of the largest in the UK and spans modern supercars to vintage tourers. A variety of vehicles at the show were captured by Argus Camera Club member Grazyna Hammond. Magnificent Motors in Eastbourne (Image: Grazyna Hammond) New for this year was an arena showcase where visitors could hear the stories behind the polished chrome. Backed by Seahaven FM and The Hive Sound Events, the arena hosted live…

Monday 04 May 2026 2:28 pm  |  Updated:  Monday 04 May 2026 2:29 pm Ben Sulayem said the FIA was looking at multi-team ownership rules FIA president Mohammed Ben Sulayem has hinted that motorsport’s world governing body could prevent Mercedes from buying a minority stake in Formula 1 competitor Alpine.Mercedes is among the bidders for a 24 per cent stake in Alpine that has been put up for sale by Otro Capital. Former Red Bull principal Christian Horner is fronting a rival bid.But Ben Sulayem has cast doubt on Mercedes being allowed to proceed, saying that he is opposed to multi-team…

The West End arena has unveiled The Terrace and The Nest, which include padded seating, fast-track arena entry, and an in-seat food, drinks and merchandise service. (Image: Newsquest) The Terrace is located on the second level of the venue and features a welcome drink with each ticket (with a choice of beer, wine, spirits or soft drinks), food and drinks can be ordered from guest’s seats and will be payable on the night, and there is stand-and-sit flexibility seats as well as convenient ledge space. Meanwhile, The Nest is located on the third level of The Hydro and includes fast-track…

An evidence gathering operation was in place and an investigation is now underway to identify those involved22:59, 04 May 2026Updated 23:03, 04 May 2026Footage shared on social media showed a diffing event on the Stewartstown Road(Image: Danny Baker MLA/Facebook)PSNI officers were attacked with “bottles and masonry” following disorder in West Belfast on Monday night.Police are appealing for information after crowds gathered in the Stewartstown Road area of the city to attend a ‘car cruise’ organised online. Chief Inspector George said: “Police received a number of reports that large crowds of people and vehicles, had gathered and were driving dangerously in…

Saudi Arabia is in the midst of a major transformation in its quest to build a more sustainable and diversified economy. Through programs like Vision 2030, the country is investing heavily in clean energy, water conservation and environmental innovation. Driving this change is a growing number of startups developing practical solutions to some of the biggest challenges facing the region. The Saudi Arabian sustainability start-up scene is still nascent but it is already having a big impact. These companies are building a greener future for the region, from smart water systems to desert agriculture to carbon tracking.   Why Sustainability…

The iconic Wakefield gathering place transitions to new ownership, with a focus on continuity and community. WAKEFIELD, R.I., May 4, 2026 /PRNewswire-PRWeb/ — Heritage Restaurant Group today announced it has acquired Mews Tavern, a landmark establishment in Wakefield, Rhode Island, beginning a new chapter for one of South County’s most enduring gathering places. Founded in 1947 as a small fisherman’s tavern serving the local coastal workforce, Mews has spent nearly 80 years evolving alongside the Wakefield community. From its origins as a working waterfront bar to its expansion into a multi-room destination known for its distinctive spaces and extensive beer…

When do we take AI doomers seriously? That’s a key subtext of Elon Musk’s attempt to shut down OpenAI’s for-profit AI business. His attorneys argue that the organization was set up as a charity focused on AI safety and lost its way in pursuit of lucre. To prove that, they cite old emails and statements from the organization’s founders about the need for a public-spirited counterweight to Google DeepMind. Today, they called the only expert witness to speak directly to AI technology: Stuart Russell, a University of California, Berkeley computer science professor who has studied AI for decades. His job…