May 24th, 2012
01:46 PM GMT
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India and Pakistan’s border in Kashmir is one of the most dangerous in the world. But the "Line of Control" dividing them has been opened to trade, in the hope that it can boost the local economy and help build peace between the two nations.

Kashmir has been a major flashpoint for India and Pakistan since the countries were partitioned at the end of British rule in 1947. Both say Kashmir belongs to them.

There's still a heavy security presence throughout the area, but the situation is much better than it was a few years ago, say local residents. And the relative calm is bolstering trade.

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May 24th, 2012
10:59 AM GMT
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London (CNN) – Are European Union governments missing a trick by taking small and medium-sized firms for granted?

In Germany, such businesses - the Mittelstand - have been nurtured, and in return significantly boosted the country's economy.

As our regular viewers will know, over the last few months Marketplace Europe’s travels have taken us inside small and medium-sized companies around the region.

We’ve talked about the way they run their businesses, the bigger macro environment and prospects for Europe and the single currency.

The common theme of each conversation is concern that well-intentioned incoming governments - from France, Greece and the Netherlands - will tax smaller firms out of business rather than offering incentives and protection to keep growing in such challenging economic times.
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May 24th, 2012
10:13 AM GMT
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Japan has won back its top spot as the most important partner of the United States in Asia, moving China to the second spot, according to an opinion poll of the "general public" conducted in the United States.

The survey asked 1,200 people in the continental United States to select the most important U.S. partner from a list that included Japan, China, Russia, India, Korea and Australia.

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Filed under: AsiaBusinessChinaJapanUnited States


May 24th, 2012
07:30 AM GMT
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(CNN) – On Sunday, Robin Gibb of the Bee Gees passed away from cancer, adding to a series of untimely deaths of fading music icons over the last few months.

The Bee Gees enjoyed their heyday in the late 1960s and 1970s with disco hits such as “Saturday Night Fever,” “Staying Alive,” and “How Deep is Your Love.”  While the group’s popularity declined over the following decades, Robin Gibb’s death will breathe new life into the group’s record sales in the United States, if history is any indication.

Soundscan, which provides data on U.S. record sales, won’t have data on Bee Gees sales until next week.  But Gibb’s passing follows the death last week of another 1970s legend, ‘Queen of Disco’ Donna Summer.
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Filed under: Business


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