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Theresa May has aborted a planned vote on her Brexit deal on Tuesday — according to several sources close to cabinet ministers — in a humiliating setback for a prime minister who was facing a heavy defeat in the House of Commons.

Downing Street had reiterated on Monday morning that the vote was going ahead “as planned”, but shortly afterwards the prime minister told her cabinet on a conference call it would be postponed, according to officials briefed on the matter. Number 10 has so far declined to comment.

In another day of high Brexit drama, the European Court of Justice had earlier judged that Britain was free to cancel its notification to leave the EU without the consent of other EU member states. The landmark ruling from the EU’s highest court represented a big boost for anti-Brexit campaigners. (FT)

Further Brexit reading

  • Where Brexit went wrong
    For much of 2017, Downing Street was confident it had the upper hand over the EU when it came to negotiations. But that June, two big setbacks changed everything.
  • Recession blues
    Economists say a disruptive Brexit will make a recession hard to avoid. The severity of the downturn will depend on what the UK and EU will do to help ease the fallout.
  • Opinion round-up
    Wolfgang Münchau says the EU could, and should, help Mrs May’s deal pass, while Alex Barker warns the Northern Ireland “backstop” plan could hand the EU extraordinary powers over the province. Martin Sandbu’s Free Lunch says politicians should have seen what was coming. (FT)

In the news

Huawei power struggle
China has raised the stakes in the Huawei stand-off. It has summoned the US ambassador in Beijing to demand the cancellation of an arrest warrant for the Chinese telecoms’ chief financial officer Meng Wanzhou, who will seek bail today. It has also threatened Canada with “serious consequences” following the arrest. FT Global China editor James Kynge says the power struggle is creating a new cold war atmosphere. Elsewhere, Japan has now banned Huawei and its Chinese peers from government contracts. (FT, Reuters, Nikkei Asian Review)

White House revolving door spins again
Donald Trump is set to announce his replacement for John Kelly as White House chief of staff this month. Complicating matters, Nick Ayers, who was the favourite to replace Mr Kelly, has already declined the offer. The US president is also preparing for another big moment: the final act of the Russia investigation led by Robert Mueller. As Edward Luce writes, the second half of the president’s term promises to be even stormier than the first. (FT, NYT)

Going, going, Ghosn
Tokyo prosecutors have filed charges against carmaker Nissan and Carlos Ghosn for allegedly understating the ex-chairman’s pay in financial documents. They re-arrested Mr Ghosn on new charges in a process that could extend his detention to December 30. (FT)

India's central bank chief quits
India’s central bank governor Urjit Patel has resigned following a tense stand-off with Prime Minister Narendra Modi’s government over the bank’s independence. (FT)

‘Glacial’ diversification
Women account for less than 5 per cent of the chief executive positions in the US and Europe, according to new research. In some countries, the percentage has fallen in the past year. Separately, Deloitte has fired about 20 UK partners over the past four years for inappropriate behaviour. (FT)

German backdown
Germany has dropped its demands for all EU countries to accept refugees during a migration crisis, in a bid to break the deadlock over efforts to overhaul the bloc’s asylum system. The move draws a line under a divisive EU policy championed by Chancellor Angela Merkel. (FT)

Saudi Arabia says no
Saudi Arabia has rejected Turkish demands to extradite suspects connected to the murder of journalist Jamal Khashoggi. Here is how the wooing of Jared Kushner has paid off for Mohammed bin Salman, the Saudi crown prince. (FT, NYT)

Green setback
President Trump has dealt a blow to attempts to gain consensus over how to combat climate change. The US has joined a contentious proposal by Saudi Arabia and Russia that objects to discussing a crucial scientific study at the global climate talks in Poland. Simon Kuper thinks green communications have been disastrous— here is his plan for revamping the selling of green to save the planet. (WaPo, FT)

The day ahead

Macron’s moment
French president Emmanuel Macron will address the nation this Monday evening as pressure builds on him from allies to heal the rift opened by the gilets jaunes movement. As socialist politician Ségolène Royal tells the FT, “the French people have had enough of taxes”. (FT)

Keep up with the important business, economic and political stories in the coming days with the FT’s Week Ahead.

What we’re reading

An a-peel-ing development
The world’s first crop of bananas grown without soil is to be harvested this week, part of an effort to stem the spread of a deadly fungus that threatens the future of the fruit. (FT)

Dell’s tricky maths
Five years after quitting Nasdaq, the technology group Dell is to return to the public markets after a fierce fight over its valuation. Here is how the complicated reverse merger plan will work. (FT)

Why Europe needs to ‘twerk’ on it
The debacle over Ballon d’Or winner Ada Hegerberg exposes that, despite what the rest of the world — particularly the US — thinks, Europe still has a long way to go in terms of its progressiveness. After six months in the US, Janan Ganesh thinks he knows why. (FT)

Buy the dip? No thanks
An investor trend that has helped buoy stocks over most of the past decade may be breaking down. For the first time since the dotcom era, investors are cautious about buying shares after sell-offs. (WSJ)

Best of Travel 2018
Catch up on some of our best travel stories of the year — from the mountains of Bhutan to the vineyards of Champagne, plus a brush with death in Russia and a fond farewell to the 747. (FT)

Video of the day

Blockchain helps Taiwan’s rice farmers mitigate effects of climate change
A Taipei start-up is giving farmers a boost by using sensors to link harvests to the web and recording the data using blockchain technology. The FT’s Kathrin Hille reports from Chishang in east Taiwan. (FT)

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