Trump canceling hotel deal Azerbaijan, and possibly Georgia

Markets Associated Press

The Trump Organization is canceling a licensing deal for a hotel in Azerbaijan and maybe one in neighboring Georgia in the latest moves to untangle the president-elect from business ties abroad five weeks before he takes office.

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Trump lawyer Alan Garten says developers in both projects failed to meet terms of licensing deals. He describes the moves as "normal housekeeping" and not part of a strategy to reduce potential conflicts of interests.

The Trump Organization said earlier this week that it canceled a licensing deal for a hotel in Brazil. The business has also shut down four companies registered in Delaware that appear connected with a possible Saudi Arabia business venture.

President-elect Donald Trump has faced criticism for investments overseas that many say present conflicts of interest.