Bloomberg Hong Kong KFC’s partnership with an Alibaba affiliate puts the pressure on the Golden Arches in China more than ever. By allying with a backer of the country’s top food delivery website, KFC owner Yum Brands has taken a step toward solving the dilemma of slowing growth in its biggest market outside the US. It’s a deal that …

  Madrid / AFP Spain’s heavily indebted Telefonica said on Monday it plans to float a minority stake in infrastructure subsidiary Telxius and was mulling doing the same with its British unit O2. The Telxius listing is expected by the end of the year with a free float of at least 25 percent, the company said in a regulatory filing. …

  Bloomberg The reappointed chairman of South Africa’s state airline, Dudu Myeni, should be removed from the post, the opposition Democratic Alliance announced, saying that during her tenure the carrier has lurched among crisis. The party said it will seek court action to declare that Myeni was an “inappropriate and incapable appointment” to run South Africa Airways. Myeni on Friday …