Marc Filippino

George Steer reports on markets from New York.

Thanks, George.

A court in Ankara has ruled to remove the leadership of Turkey's biggest opposition party.

It's a landmark decision that could damage Turkey's Republican People's Party, or CHP, the main opposition force in the country, all in the run-up to the next presidential election in 2028.

The court ruling means that an unpopular figure will take over as the head of the party.

Kemal Kılıçdaroğlu lost to President Recep Tayyip Erdoğan in a landslide election in 2023.

Turkish stocks fell more than 6% after the ruling on Thursday afternoon.

The lira dropped sharply but quickly bounced back to trade broadly unchanged against the dollar.

Cuba has been subject to U.S.

sanctions and embargoes for the better part of 70 years.

But now, President Donald Trump is sharply escalating the American pressure campaign on the communist island.

Here to explain how and why is the FT's Jude Weber.

She's been reporting on this for us.

Hi, Jude.

Hi, Mark.

So remind us of the situation Cuba's been in lately.

It sounds pretty dire.

You know, aside from this brutal energy blockade, how else is the Trump administration escalating things with Havana?

Yeah, but what does Trump want here?

Jude, it's really hard to think of this situation with Cuba and not be reminded of what happened in Venezuela earlier this year in the U.S.