Turkey sent tanks into Syria on Wednesday, as part of a major offensive ostensibly against Isis – but also to contain Syrian Kurds. The move follows a recent coup attempt against President Erdogan and a deadly terrorist attack in the southern Turkish town of Gaziantep. Andrew England, the FT’s Middle East editor, speaks with Turkey correspondent Mehul Srivastava and former Turkey correspondent Daniel Dombey.

 

Four of the world’s biggest banks are collaborating on a new blockchain project to transform the way securities trades are processed, with the aim of making it cheaper and safer. Patrick Jenkins asks Martin Arnold, the FT’s banking editor, to explain what’s behind the development. Music by Kevin MacLeod

 

Patrick Jenkins and guests discuss the latest developments in the UK Brexit debate and what options are on the table for UK financial institutions, why a Deutsche Bank whistelblower spurned his award and developments in the US mortgage insurance market. With special guests Barney Reynolds of Shearman & Sterling and Dinos Iordanou of Arch Capital.

 

Britain’s stunning medals success in the Rio Olympics was a cause for elation at home — but in parts of Europe it was met with sneers and some incredulity. Joshua Chaffin discusses this reaction and what’s behind it with Guy Chazan and Henry Foy, FT correspondents in Berlin and Warsaw.

 

A dramatic decline in bond yields has added to the pressures of longer lifespans and falling birth rates to create a looming social and political pensions crisis, say John Authers and Robin Wigglesworth. In this report they examine the outlook for retirees. You can also listen to John and Robin discuss the pensions squeeze at podcast.ft.com.

 

Record low bond yields have intensified the pressure on pension funds already struggling to provide for retirees who are living longer. This squeeze has widened the pension deficit for hundreds of funds globally, prompting fears of a slow-moving but painful social crisis. The FT’s John Authers and Robin Wigglesworth explain.

 

Kate Bush retreated to a farmhouse to craft her richly layered song of love and insecurity. It reaffirmed her place as a pre-eminent songwriter and went on to feature in the London Olympics closing ceremony. Richard Clayton follows its history.

Credits: Noble & Brite, Beams, Frontiers Records, Elevator Lady, Italians Do It Better, Obsolete Media Objects

 

With Janan Ganesh, Gideon Rachman, Sam Jones, Roger Blitz and Peter Chapman from the Financial Times. Presented by Sebastian Payne.

 

The future of the Affordable Care Act’s open insurance marketplaces is at risk as large providers such as Aetna threaten to pull out of the state exchanges in response to the administration’s crackdown on industry mergers. The FT’s Barney Jopson explains.

 

Russia has been back in the spotlight recently, after President Putin replaced his long-standing chief of staff Sergei Ivanov. Meanwhile, tensions have mounted in eastern Ukraine, prompting fears of a new Russian offensive. Russia is still heavily involved in Syria. Is a new crisis building? Gideon Rachman speaks with Kathrin Hille, the FT’s Moscow bureau chief, and Neil Buckley, Eastern Europe editor.