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US Sanctions Venezuela First Lady, Key Maduro Allies

The United States imposed new sanctions on Venezuelan President Nicolas Maduro’s wife and key allies including the vice president and defense minister, accusing them of plundering the country’s wealth and helping Maduro maintain his grip on power.
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Iran, Major Powers Labor To Keep Nuclear Deal Afloat

U.S. President Donald Trump decided in May to abandon the pact and to restore economic sanctions on Iran, including those that seek to force the OPEC member's major oil customers to stop buying Iranian crude.
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Michael Kors Snaps Up Italy's Versace

U.S. fashion group Michael Kors Holdings Ltd has agreed to take control of Italy’s Versace in a deal that could value the company at $2 billion, sources familiar with the matter said on Monday.

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