The daily business briefing: January 17, 2019

Theresa May survives no-confidence vote after Brexit setback, Microsoft pledges $500 million for affordable housing in Seattle, and more

Satya Nadella on stage
(Image credit: Justin Sullivan/Getty Images)

1. Theresa May survives no-confidence vote after Brexit setback

British Prime Minister Theresa May narrowly survived a no-confidence vote called by opposition Labour Party leader Jeremy Corbyn on Wednesday, a day after the House of Commons overwhelmingly rejected her plan for Britain's exit from the European Union. It was the second attempt to oust her as prime minister in five weeks. Tuesday's rejection of May's plans left Brexit in chaos with just over two months to go before Britain is scheduled to leave the European trading bloc. "We have a responsibility to identify a way forward that can secure the backing of the House," May told Parliament. "I have proposed a series of meetings between senior parliamentarians and representatives of the government over the coming days."

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