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airBaltic CEO 'dismissed' from Latvian airline
airBaltic CEO 'dismissed' from Latvian airline
Business and Economy
by  AFP

Latvian Transport Minister Atis Svinka said on Monday that Riga-based carrier airBaltic had parted ways with its German-born longtime CEO Martin Gauss. It is important for me to see results," Svinka said on social network X. The Latvian state has a majority stake in the carrier, which last month said it had posted a net loss of 118 million euros ($129 million) last year.

Starmer unveils support for tariff-hit auto sector
Starmer unveils support for tariff-hit auto sector
Business and Economy
by  AFP

UK leader Keir Starmer vowed Monday to "shelter British business from the storm" of global economic disruption as he loosened electric vehicle targets for carmakers impacted by US President Donald Trump's tariffs. "In the coming days and weeks, we're going to use industrial policy to shelter British business from the storm," the prime minister added.