EMEA WEDNESDAYS

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Theresa May loses big over her Brexit deal The British prime minister suffers a crushing parliamentary defeat. On January 15th Britain’s prime minister, Theresa May, lost the parliamentary vote on her Brexit deal by the huge margin of 230 votes, the largest-ever defeat for a ruling party. -The Economist

How the Brexit vote was lost A look at Theresa May’s defeat in graphics and charts. Theresa May's Brexit deal was defeated by 432 votes to 202 — a majority of 230. Scores of her own backbenchers rejected the deal, but she did pick up a handful of opposition votes. -Politico.eu

GLOBAL BUSINESS

EU will be objective, not naive on Alstom-Siemens deal: Moscovici -Reuters

McDonald’s stripped of Big Mac trademark across EU Irish chain Supermac’s had launched legal challenge against EU trademark -The Independent

BERLIN TO BRUSSELS: TIME TO GET TOUGH ON BEIJING German industry seeks to push harder EU line on China Europe’s industrial heartland signals it wants tougher policies from the next Commission. -Politico.eu

For those whose German isn’t rusty: here is the Federation of German Industries (BDI)’s 54 point plan on getting tough with Beijing.

German businesses watch Brexit with bated breath German companies are closely following all developments that might give them an idea of exactly how the United Kingdom will leave the European Union. Soft or hard Brexit — that's the question yet to be answered. -DW

Airport strikes across Germany Staff responsible for checking passengers and cargo have held an 18-hour warning strike at Germany's biggest airports. Hundreds of flights were cancelled. -DW

Defying Trump, U.S. Senate advances measure critical of easing Russia sanctions The Republican-led U.S. Senate voted on Tuesday to advance a resolution disapproving of a Trump administration plan to ease sanctions on Russian companies tied to Russian oligarch Oleg Deripaska, clearing the way for debate and a vote on the plan. -Reuters

GLOBAL MACRO

How does Brexit affect the pound? During the past two years, the pound has had a rough time of things when it comes to its price against the dollar and other currencies. -BBC

Italy Banks Pare Losses as ECB Bad-Loan Actions Seen as Minimal Italian banks lined up to insist they have bad debt under control after their shares dropped on a report that the European Central Bank is demanding a more effective cleanup. -Bloomberg

Poland’s transformation is a story worth telling It’s one of the world’s most successful economies — just don’t tell the right-wing government. -Politico.eu

Turkey: Could the US damage its economy? President Trump has said the US will "devastate Turkey economically" if Ankara decides to attack Kurdish groups in Syria. -BBC