Must Reads U.K. Parliament Repudiates Theresa May’s Brexit Plan: The British Parliament overwhelmingly rejected a proposed Brexit deal Tuesday, prompting a no-confidence vote against U.K. Prime Minister Theresa May and further stoking extreme uncertainty around Britain’s exit from the European Union in just over two months. Theresa May’s Tough Line Scores Points but Clouds Brexit Path: U.K. Prime Minister Theresa May displayed characteristic tenacity in crafting a Brexit deal—a trait that has impressed many in a skeptical public and allowed her to bounce back aft er bruising setbacks—but the approach has also damaged her ability to find a durable settlement for the U.K.’s post-EU future. Macron Tries to Channel Yellow-Vest Anger Into ‘Great Debate’: The government of Emmanuel Macron kicked off months of public debates intended to channel the anger of the “yellow-vest” protest movement and shield the French president’s pro-business agenda. Draghi Warns Lawmakers Eurozone Economy Is Weaker Than Expected: European Central Bank President Mario Draghi warned Tuesday that the eurozone economy has weakened unexpectedly amid rising headwinds originating outside the currency union, including an economic slowdown in China. EU Explores Ways to Counter China’s State-Backed Capitalism: Concerns about China’s state-backed capitalism are prompting the European Union to reassess its competition rules with an eye to allowing large mergers or a more muscular response to foreign competitors. Shares of Italian Banks Slide as ECB Calls for Bad-Loans Protection: Shares of Italian banks fell sharply Tuesday on a newspaper report that the European Central Bank wants them to clean up their bad loans more effectively. Santander Cancels Andrea Orcel’s Appointment as CEO Over Compensation: Andrea Orcel, one of Europe’s highest-profile investment bankers, found himself out of a job Tuesday, when Spain’s Banco Santander said it would be unacceptable to pay him the amount of money it would have cost to make h im chief executive. Polish Ex-Security Official Charged With Spying for China During Government Service: A former senior Polish intelligence official, arrested in Warsaw with a Huawei Technologies Co. employee last week, has been charged with spying for China while he worked in government with top-lev el access to Polish and allied intelligence, according to an official familiar with the matter. Turkey to Seek Extradition of NBA Player as Feud Escalates: Turkey said it would seek the extradition of a prominent NBA player, part of a global hunt President Recep Tayyip Erdogan has launched to capture supporters of a Pennsylvania-based cleric he accuses of fomenting the 2016 coup that nearly swept him from power. Senate Advances Measure to Block Rusal’s Dropping From Sanctions List: The U.S. Senate on Tuesday advanced a measure that would block the Trump administration’s proposal to cut a Russian aluminum giant from its sanctions blacklist. Bayer AG Faces New Setback for Roundup Weedkiller in France: Bayer AG’s fight to prove its recently-acquired weedkillers are safe faced a setback in Europe Tuesday as a French court revoked approval for one of its glyphosate-based products because it might cause cancer. Germany Dismisses Qualcomm’s Latest Patent Suit Against Apple: A German court dismissed a patent lawsuit from Qualcomm Inc. against Apple Inc., the first setback in the country for the chip maker in a dispute that resulted last month in the ban of some iPhone sales in China and Germany. |