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Weak U.S. retail sales, industrial output highlight slowing economy






LONDON (Reuters) - Brexit-supporting rebels in British Prime Minister Theresa May’s Conservative Party said on Wednesday they would vote down her European Union divorce deal when she brings it back to parliament next month.

Britain had been due to leave the EU on March 29 but parliament has three times rejected the withdrawal agreement May struck with Brussels. The United Kingdom is now scheduled to leave, with or without a deal to smooth the exit, by Oct. 31.

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Rebels hope to kill off May's Brexit deal in 'last-chance' vote






LONDON (Reuters) - Brexit-supporting rebels in British Prime Minister Theresa May’s Conservative Party said on Wednesday they would vote down her European Union divorce deal when she brings it back to parliament next month.

Britain had been due to leave the EU on March 29 but parliament has three times rejected the withdrawal agreement May struck with Brussels. The United Kingdom is now scheduled to leave, with or without a deal to smooth the exit, by Oct. 31.

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U.S. bank regulator will vet next Wells Fargo CEO






WASHINGTON (Reuters) - A top U.S. bank regulator said on Wednesday it will vet Wells Fargo & Co’s pick for its next chief executive, a development that could complicate the scandal-hit lender’s efforts to find a permanent replacement for CEO Tim Sloan.

Joseph Otting, the Comptroller of the Currency (OCC), told Congress he would use special legal powers that the regulator typically reserves for overseeing financially troubled lenders to review any proposed candidate.

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U.S., European shares gain after Trump auto-tariff delay






NEW YORK (Reuters) - U.S. and European stock indexes gained on Wednesday after news that U.S. President Donald Trump planned to delay tariffs on auto imports, offsetting earlier pressure on equities and government bond yields from weak U.S. and Chinese economic data.

Trump is expected to delay a decision on tariffs on imported cars and parts by up to six months, three administration officials told Reuters. Fears about an escalating global trade war, particularly following a spike in U.S.-China tensions, have rattled markets over the past week.

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Sterling hits three-month low as Brexit deadlock saps support for PM May






LONDON (Reuters) - The pound fell sharply on Wednesday on growing expectations that Prime Minister Theresa May will again fail to get her Brexit deal approved and could soon face a leadership challenge.

Sterling has weakened more than 1% this month as deadlocked cross-party talks expose deep political divisions over how, when and even if Brexit should take place.

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NSO owner tells Amnesty it will prevent abuse of spyware linked to WhatsApp breach






TEL AVIV (Reuters) - NSO Group’s owner said it will do whatever necessary to ensure the Israeli firm’s spyware does not undermine human rights, after Amnesty International sought to revoke the export license for NSO, which has been linked to a WhatsApp breach.

While it did not comment on specific attacks, NSO said in a statement following a breach of WhatsApp’s messaging app on Tuesday that it would investigate any “credible allegations of misuse” of its technology which “is solely operated by intelligence and law enforcement agencies”.

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Asia stocks bounce from three-and-a-half month lows as trade fears soften






TOKYO (Reuters) - Asian stocks bounced from a 3-1/2-month low on Wednesday as a slight softening in rhetoric from U.S. President Donald Trump helped ease worries about the U.S.-China tariff war and on expectations Beijing could release more economic stimulus.

Shares in Asia were led by strong gains in Chinese equities, which rebounded after two days of losses.

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China April industrial output cools, retail sales growth falls to 16-year low as trade risks rise






BEIJING (Reuters) - China on Wednesday reported surprisinglyweakergrowth in industrial output and retail sales for April, reinforcing expectations that Beijing needs to roll out more stimulus measures as the trade war with the United States escalates.

Investment also stumbled unexpectedly, suggesting China’s economy is still struggling for better footing even as a sharp hike in U.S. tariffs on Friday ratcheted up pressure on its exporters.

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Trump expected to sign order paving way for U.S. telecoms ban on Huawei






WASHINGTON (Reuters) - President Donald Trump is expected to sign an executive order this week barring U.S. companies from using telecommunications equipment made by firms posing a national security risk, paving the way for a ban on doing business with China’s Huawei, three U.S. officials familiar with the plan told Reuters.

The order, which will not name specific countries or companies, has been under consideration for more than a year but has repeatedly been delayed, the sources said, asking not to be named because the preparations remain confidential. It could be delayed again, they said.

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