The daily business briefing: March 15, 2019

British lawmakers approve a Brexit delay, Tesla unveils its Model Y SUV, and more

Tesla Model Y on display
(Image credit: FREDERIC J. BROWN/AFP/Getty Images)=)

1. U.K. lawmakers approve Brexit delay

Britain's Parliament voted Thursday to approve delaying the U.K.'s exit from the European Union, which had been scheduled for March 29. The 412 to 202 vote marked an acknowledgement that lawmakers need more time to agree to Brexit terms, although they overwhelmingly rejected holding a second referendum on whether to leave the EU. Earlier this week, lawmakers rejected for the second time Brexit terms that Prime Minister Theresa May negotiated with the EU. Parliament also rejected leaving the EU with no deal in place. The issue remained unresolved, however, because the Brexit deadline is legally binding. May must now go back to the EU and request an extension, probably for three months, but all 27 remaining members of the European trading bloc would have to agree to the change.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.