Axios

U.K. Prime Minister Theresa May still has her job. Rebels in her Conservative Party forced a no-confidence vote in objection to her Brexit plan, but did not convince a majority of the party's members of Parliament to oust her. The final vote was 200-117 in May's favor.

What's next: May is severely weakened. In an effort to secure her short-term survival, she said she would not be a candidate in the next general election. That election could come long ahead of schedule — odds of a parliamentary deadlock over her plan still look high, and her government could well collapse before she sees Brexit through. One upside for her: The hardline Brexiteers are now weakened too after their plot to topple her failed.

Israel and the U.S. are in talks to resolve their differences over the arms deal between Israel and Croatia involving $500 million worth of F-16 fighter jets. State Department officials told me the U.S. wants to see the deal go forward, but also stressed that Israel has to adhere to several conditions.

Why it matters: Israeli and Croatian officials are concerned the deal will collapse over conditions the U.S. presented. The Croatians are furious and demand Israel and the U.S. resolve the crisis. The Croatian deadline for approving the deal is the end of the budget year — Dec. 31.

The Chinese government is preparing to replace its "Made in China 2025" plan — an ambitious blueprint designed to drive manufacturing growth by raising the target market share for domestic products — with a new program that would allow for more participation by foreign companies, the Wall Street Journal reports.

Our thought bubble, via Axios contributor Bill Bishop: This is a huge deal — if China is really serious about making substantive changes to this plan, rather than just repackaging it. Only time will tell, but given the history of failed promises of reform and better access for foreigners, people should be wary until Beijing actually delivers. If real changes are made, however, then it's definitely a win for President Trump, foreign firms, and, frankly, the Chinese economy.

Rebels in British Prime Minister Theresa May’s own Conservative Party have forced a vote of no confidence in her leadership today after 48 MPs submitted letters protesting her position. This is just days after an epic political retreat in which May canceled a doomed vote on the Brexit deal she struck with the European Union and set off on a continental tour in search of last-minute concessions.

Details: Speaking on Downing Street, May said, "I will contest that vote with everything I’ve got." Conservative lawmakers will vote from 1 pm through 3 pm ET — with a result expected sometime later in the day. If May gains support from a simple majority of her 315 colleagues and hangs on, her party won't be able to challenge her leadership for another year, though her government still may face its own no-confidence vote from opposition parties in the House of Commons.

Faced with almost certain rejection, U.K. Prime Minister Theresa May delayed a parliamentary vote on Monday on her plans for leaving the EU. To win over MPs, she is now seeking to amend the deal, in particular the complex arrangements concerning the future of the border between the U.K. and Ireland — the only land border between the U.K. and the rest of the EU.

The big picture: EU leaders have made clear that the 585-page withdrawal agreement cannot be changed. All May can expect is a side letter containing a legally meaningless “clarification,” which will satisfy very few, if any, MPs in London. Whenever she calls the vote, she is likely to face a heavy parliamentary defeat.

With nearly 500 million internet users and roughly 530 million smartphone users, India is the second-largest online and smartphone market in the world next to China.

The bottom line: Unlike the largely saturated North American digital market, India still has room to grow.

Portugal signed two deals last week during a state visit from Xi Jinping that seemed to undermine efforts elsewhere in Europe to counter Beijing's influence.

The bottom line: Portugal is not alone in playing nice with Beijing, but these instances show that China, with the promise of big investments, can poke holes in European or Transatlantic efforts to confront it.

Prime Minister Theresa May executed a political retreat of historic proportions today, admitting her Brexit deal “would be rejected by a significant margin” in the House of Commons if tomorrow’s vote went ahead.

The big picture: She scrapped the vote, but not before warning that if Parliament refuses to accept reality, and the need for compromise with the EU, it will soon be too late to get any deal at all.