US hotel chain Starwood was able to sign a historical deal. Starwood said it would renovate and run three hotels in the capital Havana. This makes it the first American company to sign a deal with Cuba since the revolution almost 60 years ago.
As sanctions fears kick in, Tehran has unveiled plans to roll out new Islamic financial products to boost funding for domestic firms. But Iran is split on whether international or domestic financing is the way to go.
The US has formed a special action group to review and coordinate all Iran-related activity. German rail operator Deutsche Bahn and Deutsche Telekom are among companies ending business in Iran in light of US sanctions.
Trump's ploy to force countries to choose between doing business with the US or Iran is working. While German firms in Iran have been preparing for months for the sanctions, the outflow of companies is not slowing down.
The EU is using new regulations to persuade companies to continue working with Iran. But protection against US secondary sanctions remains difficult in practice. Bernd Riegert reports from Brussels.
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