Malaysia Airlines will cut 30 percent of its workforce as part of a restructuring that will cost 6 billion ringgit ($1.90 billion), majority investor Khazanah Nasional [KHAZA.UL] said on Friday. Khazanah said the carrier will trim its staff by 6,000 to 14,000 as it seeks to stem long-running losses worsened by two aircraft disasters this year. The state fund said the airline will be de-listed from the Kuala Lumpur exchange by the end of 2014, adding that Ahmad Jauhari Yahya will stay on as chief executive until July 2015. Khazanah said it aims to return the airline to profitability within three years of its de-listing, and plans to re-list the carrier in three to five years from now.
(Reuters) - Apple Inc is working with Dutch chipmaker NXP Semiconductors NV to add secure near-field communications (NFC) technology into the next iPhone, which would enable the smartphone users to pay by touch, the Financial Times reported, citing people familiar with Apple's plans. NXP will provide the secure near-field communications chips that will allow an iPhone to connect with payment terminals or ticketing systems, the daily reported. Apple has invited media to a "special event" in its hometown of Cupertino, California, on Sept. 9, when the iPhone maker is expected to unveil the latest versions of its best-selling smartphones.