China Seizes Control of Insurance Giant Anbang

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In an unusual move, Anbang Insurance will be run by the Chinese government for one year. Tom Hancock of the Financial Times in Beijing explains why China has made the move. Also in the programme, Scotch whisky producers are taking the makers of German whisky Glen Buchenbach to court because they think the name makes it sound like it is Scottish. Jurgen Klotz of Waldhorn, which makes Glen Buchenbach describes his company's defence, and we get context from Edinburgh-based whisky consultant Blair Bowman. As work begins on Saudi Arabia's first opera house, we hear about its prospects from Norman Lebrecht, who is a commentator on music and opera. Plus we look back at the rest of the week's big business stories with Stephanie Baker of Bloomberg in London, and Patrick Foulis from The Economist in New York. (Anbang Insurance's logo. Picture credit: Getty Images.)