Chinese buying less NY real estate
Global Business • 1m 53s
The biggest foreign buyers of New York real estate were once the Chinese. Not anymore. There has been a dramatic drop in purchases in recent years, in part, because of rising tensions between the U.S. and China. This along with other factors is helping to push prices lower in New York’s once hot market.
Up Next in Global Business
Lab-grown diamond market expanding
They say diamonds are a girls’ best friend – but does it matter if they were created over millions of years underground – or if they were grown in a lab in just a few weeks? According to analyst Paul Ziminsky, the market for jewelry made with lab grown diamonds is growing by 22 percent a year to...
Chilean winemakers revive ancient vines
Chile is working to save ancient vineyards planted by Spanish explorers centuries ago, as well as resurrect old wine-making techniques.
It’s a way for some regions to boost their economy and also save part of their cultural heritage.
Beekeeping rises as bee numbers drop
New York City has had a growing buzz of new bee-hives. Hundreds have popped since 2010, when urban bee-keeping was legalized.
Many are inspired by concerns over a global decline in honey bees, crucial pollinators of crops. But the hobbyists might be doing more harm than good.