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New York City Mulls Fur Sales Ban

PYMNTS

Following the lead of other municipalities, New York City could be going fur-free with a proposed law on the horizon. Council Speaker Corey Johnson recently introduced a bill to ban companies from selling fur apparel in the city, which comes after similar efforts in cities such as West Hollywood, Calif.,

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Hilton Hotel In Times Square To Close

PYMNTS

The spokesman added a “definitive reopening date has not been determined or established and will be impacted by negotiations with our lender, as well as market conditions.”. In a typical year, New York City sees more than 65 million visitors. The Hilton is not the only New York hotel taking a hit.

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New York City Sees Lower Rents Due To Pandemic

PYMNTS

The New York City real estate market, battered like other economic sectors by the coronavirus pandemic, is seeing lower rates than it has in almost a decade. That has sent rents falling steeply with no signs of turning around soon.

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N26 pursues US market with ads that speak to customer pain points

Bank Innovation

New York City commuters this week will have their first exposure to European banking brand N26 through ads posted on subway cars. The Berlin-based company launched its mobile banking product to U.S.

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Retail Rents Plummet In NYC As Vacancies Rise

PYMNTS

Retail rents have plummeted to historic lows in New York City amid the COVID-19 pandemic, as bankruptcies and vacancies penetrated the area, CNBC reported on Friday (Jan. SoHo was part of the roughly eight areas in the city that saw their lowest average asking rents in at least a decade.

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Bundle Up: NYC Restaurants To Offer Year-Round Outdoor Dining

PYMNTS

Dining out has taken on new meaning in New York City. Open Street, the city program that closes street blocks to vehicular traffic, will also be permanent. “I New York winters can be cold and restaurateurs who want to heat their outdoor dining spaces with enclosures can do so.

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Exploding US CBD Market Could Hit $16B By 2025

PYMNTS

cannabidiol (CBD) market continues to grow, with nearly 7 percent of Americans saying they use the substance. the market could reach $16 billion by the year 2025, as per a report by Bloomberg. Regulators in New York City recently ordered places that sell food to stop putting the substance in meals or beverages.

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