Trump business scraps hotel project in AzerbaijanDecember 16, 2016 - 18:24 AMT PanARMENIAN.Net - The Trump Organization has recently terminated three overseas deals in what the company's attorney described Thursday, December 15 "housecleaning." Alan Garten said the Trump Organization terminated its licensing deal for a Trump Hotel in Baku Azerbaijan, CNN reports. In addition, the company has terminated its business licensing deals in Rio de Janeiro for both a hotel project and a five-building office complex that was part of the Marvelous Port Redevelopment plan. "These deals are terminated under the applicable agreements" in which they were originally licensed under, Garten told CNN. There have been growing questions about the potential conflicts of interest posed by Trump's continued business interests with the Trump Organization. A CNN poll released last month found that 6 in 10 Americans believe the President-elect is not doing enough to address his potential conflicts of interest. Trump owns or has a position in more than 500 companies, according to a CNN analysis. That includes about 150 that have done business in at least 25 foreign countries, including Turkey, Qatar and Saudi Arabia. Trump was supposed to hold a news conference on Thursday to announce how he was distancing himself from his business as he took office, but that event was postponed earlier this week until January. And rather than face reporters, Trump took to Twitter to reiterate that he's planning to hand over his businesses to his children before he takes office next month. "Even though I am not mandated by law to do so, I will be leaving my busineses (sic) before January 20th so that I can focus full time on the presidency," Trump wrote on Twitter. Related links: Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |