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The banker later admitted that he had shared the food with his partner and was fired by Citibank. In response, Mr Fekete's senior manager said that the receipt "appears to have two sandwiches, two coffees, and another drink . The bank also questioned whether he had shared two dinners of pesto pasta and pasta Bolognese with his partner, but Mr Fekete said that this was not the case. Mr. Fekete argued that there were mitigating factors, including the recent loss of his grandmother and that he was on strong medication when he replied to the emails. AdvertisementAdvertisementJudge Illing, presiding over the case, concluded that his dismissal was fair, as Mr. Fekete was not initially honest about the misclaimed expense.
Persons: , Szabolcs Fekete, Fekete's, Fekete, Mr Fekete, expensed, Illing Organizations: Citibank, Service, Banking Locations: Amsterdam
LONDON (AP) — A financial analyst who was fired by Citibank after claiming a two-sandwich lunch on expenses has lost a legal battle for wrongful dismissal. A British judge has ruled that the bank was entitled to sack Szabolcs Fekete for gross misconduct because he lied when he claimed to have consumed two sandwiches, two coffees and two pasta dishes during a work trip, when he had really shared them with his partner. Fekete, a financial crime expert working for the bank in London, sued for wrongful and unfair dismissal. But he continued to claim he ate all the food himself. Fekete later claimed he had been undergoing personal problems after the death of his grandmother, was on medical leave from work and was on medication while he was answering emailed questions about his expenses claim.
Persons: Szabolcs Fekete, Fekete, ” Fekete, Caroline Illing, Citibank “, Organizations: Citibank, British, Financial Locations: London, Amsterdam
Teens love Starbucks for these 4 reasons
  + stars: | 2023-10-12 | by ( Grace Dean | ) www.businessinsider.com   time to read: +4 min
American teens have an enduring love for Starbucks. The coffee chain has consistently ranked high in a semiannual survey of teens' favorite brands. It offers four things that teens love: a place to hang, cold coffee, customization, and mobile ordering. "Starbucks gaining slightly among upper income and all teens points to its grasp on teen consumer trends." Starbucks is notably more popular among wealthy teens, of which 16% ranked it as their favorite, but 12% of average-income teens also told Piper Sandler it was their preferred restaurant chain.
Persons: , Piper Sandler, Brian Mullan, it's, Brady Brewer, Brewer Organizations: Starbucks, Service
REUTERS/Agustin Marcarian Acquire Licensing RightsBUENOS AIRES, Oct 7 (Reuters) - The hand-written entries in the two dozen notebooks - date, haircut, price - chronicle decades of a Buenos Aires barber's working life. A price of 15 pesos equaled $15 with the currency peg. In her first term the haircut price rose 117%, speeding to 200% in her second term. Haircut prices rose 133% in his four years. The earliest health insurance bill he has was 798 pesos in 2007, since when it has hit 142,636 pesos, outstripping his haircut prices.
Persons: Barber Ruben Galante, Luciano Munoz, Agustin Marcarian, Ruben Galante, Alberto Fernandez, it's, Galante, Javier Milei, he's, Carlos Menem, Raul Alfonsin, Fernando de la Rua, de la Rua, Nestor Kirchner, Cristina Fernandez de Kirchner, Nestor's, Mauricio Macri, That's, Milei, Patricia Bullrich, Sergio Massa, Luciano Muñoz, Diego Maradona, Lionel Messi, Adam Jourdan, Eliana Raszewski, Prinz, Claudia Parsons Organizations: REUTERS, Reuters, Reuters Graphics Reuters Graphics, Currency, Reuters Graphics, Monetary Fund, Thomson Locations: Buenos Aires, Argentina, BUENOS AIRES, Belgrano, United States
The erstwhile donut chain is running a promotion for National Coffee Day on Sept. 29 where customers will receive a free medium iced or hot coffee with with any purchase. But Dunkin' is far from the only restaurant offering a coffee deal on Friday. Krispy KremeThe popular donut chain is pushing its "new and improved" beverage line by offering free medium hot or iced coffee, including espresso-based lattes, with no purchase necessary. Tim Horton'sThe Canadian chain is giving a free iced or hot coffee to anyone who makes a purchase of at least $3. Shipley Do-NutsThe chain with more than 340 locations nationwide is giving away a free medium hot or iced coffee when you make a purchase.
Persons: Dunkin, Tim Horton's, Shipley Organizations: National, Nutty, CNBC
Cruise travel insurance can help cover emergency costs as well, which is why I have an annual travel insurance policy. For Caribbean cruises in particular, this part is easy since almost all spots in and around cruise ports accept US dollars. Drinks (if you drink a lot)I drink a lot on cruises, and I'm not just talking about cocktails and beer. This is why I always have a drink package when I cruise, which is easy since I normally cruise with MSC Cruises. On my next Caribbean cruise, we've booked a resort day pass at an all-inclusive resort in Puerto Plata, Dominican Republic through a platform called Resort for a Day.
Persons: I'm, Coke, we've Organizations: Voyages, MSC Cruises, Caribbean, MSC Yacht Club, Yacht, MSC, tote Locations: Caribbean, Europe, Miami, Puerto Plata, Dominican Republic
Point72 is a pioneer in developing investor talent; the multi-manager has been running LaunchPoint, previously known as Nines, since 2012. More than 70 long/short managers have launched through LaunchPoint since it started in 2012, and 75% of those are still at Point72. They make up 50% of the firm's 100 long/short managers. For Point72, LaunchPoint was created with the idea that it can take two to three years to figure out how to be a PM. Point72"We saw that preparation really influenced the long-term success of new PMs," Weiner said.
Persons: Steve Cohen, Cohen, Harry Schwefel, Point72, Schwefel, Steve, haven't, It's, John Weiner, it's, John Pierson, Weiner, LaunchPoint, they've, Nick Shivers, Ariel Herman, Jon Weiner, Point72 LaunchPoint, Griffin Newman, Newman, Point72 Newman, Ryan Wilder, " Weiner Organizations: SAC Capital, Point72 Academy, P2 Investments, New York Mets, Point72, Brigade Capital Management, SAC Advisors, Bloomberg Locations: LaunchPoint, Point72
Feeling lonely? Go to the library.
  + stars: | 2023-09-24 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com   time to read: +12 min
And it's becoming clearer just how important "third places" — spaces for socializing outside of work and home — are. Wood, who thinks libraries are "one of the last true third places," explained that there are a range of spaces in her library. Abrams said he regularly drops by the New York Public Library just to pick up sticky buns from Amy's Bread, a bakery with an outpost in the library. Eliza Relman/InsiderIn Boston, for instance, the Boston Public Library is thriving, Gregor Smart, the head of the Kirstein Business Library and Innovation Center at BPL, said. Covid taught the library the need for things like Macs with webcams, for instance, so library goers can hop on Zoom or do job interviews.
Persons: Stephanie Garcia, Emily Dickinson, Willa Cather, Garcia, Eliza Relman, Carla Hayden, We're, Brittany Simmons, who's, TikTok, Simmons, , Brooks Rainwater, it's, Emma Wood, That's, we're, Katie Davidovich, — we've, Davidovich, Tim Peters, Peters, Wood, Samuel Abrams, Abrams, hasn't, Rainwater, Gregor Smart, Smart, Covid Organizations: Service, of Congress, of Labor, Library of Congress, DC, Congress, Urban Libraries Council, University of Massachusetts Dartmouth, Capitol, College, Central Michigan University, American Enterprise Institute, New York Public, Public, Boston, Boston Public Library, Business, Innovation, BPL Locations: Wall, Silicon, Washington ,, New York, Capitol Hill, Canada
A millionaire real estate CEO is being dragged online for saying he wants unemployment to increase. "We need to remind people that they work for the employer, not the other way around," Tim Gurner said. In 2017, Gurner infamously said buying avocado toast was preventing people from becoming homeowners. We need to remind people that they work for the employer, not the other way around." In 2017, he suggested buying avocado toast was the impediment to millennials becoming homeowners, seemingly ignoring problems like massive student debt burdens or stagnant wages.
Persons: Tim Gurner, Gurner, There's, We've, Alexandria Ocasio, Cortez Organizations: Service, Gurner, Australian, AFL, CIO, Forbes, Australian Financial Locations: Wall, Silicon, COVID, Forbes Australia
Starbucks removed both fresh and frozen bananas from its US menus in May 2022. Other chains have been streamlining their menus by removing complicated items. Starbucks has stopped selling bananas, removing both fresh and frozen bananas from its US menus in May 2022, a spokesperson for the coffee giant told Insider. Some Reddit users who say they worked at Starbucks stores said the bananas would sell poorly, go "gross," and attract fruit flies. A few said that their stores made the move to discontinue bananas before Starbucks management decided to stop sales nationally.
Persons: McDonald's, Chipotle, al, marinade Organizations: Starbucks, Service, Subway Locations: Wall, Silicon
Why American families are leaving the US for Europe
  + stars: | 2023-09-02 | by ( Maureen O'Hare | ) edition.cnn.com   time to read: +4 min
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Finally, Pennsylvanian Alan Andrew and his Belgian husband, Vincent Proost, bought a rundown farmhouse in the Alentejo region of Portugal. Young hearts run freeThere comes a day in all our lives when we’ve taken our final vacation, whether we realize it at the time or not. From next year, it won’t even be free to travel to Europe. The new ETIAS visa waiver program will allow entry into EU countries for fees starting at $7.70.
Persons: who’ve, Dawkins, Nadine, Kim, , Alan Andrew, Vincent Proost, we’ve, Terry Ward, you’re, We’ve, It’s, CNN Riiya Shukla, Arabia ”, , Organizations: CNN, Labor, Pearl, Auckland, Auckland Airport Locations: United States, Texas, Latronico, North Carolina, Umbria, Belgian, Alentejo, Portugal, Florida, Canada, Italy, Europe, Asia, Bhutan, Ho Chi Minh City, Vietnam, Tokyo, Kong’s, New Zealand, Norway, Arabia, Antalya, Instagram
British grocery chain Waitrose is offering free coffees to cops under a plan to deter shoplifters. Assaults on staff at Waitrose stores have roughly doubled since 2020, The Times of London reported. Waitrose, an upmarket grocer with more than 300 stores, has begun offering uniformed officers free hot drinks from its coffee machines and will ask them to bring a reusable cup. Parent company John Lewis Partnership said in a press release shared with Insider that the initiative was "part of efforts to strengthen relationships and tackle retail crime." It's trialing increasing the number of security, warning customers that CCTV is in use and that shoplifters face jail time.
Persons: John Lewis, Nicki Juniper, John Lewis Partnership's, It's, Juniper, BRC Organizations: Waitrose, shoplifters, Service, John Lewis Partnership, Partners, The Times, British Retail Consortium, BBC News Locations: London, Wall, Silicon, England, Wales, Northern Ireland
– plate near Portofino in northern Italy, and 10 cents for a sprinkle of cocoa on a cappuccino at a Lake Como coffee bar. Easy targetsOutrageous charges, like 2 euros for slicing a ham sandwich, have been labeled "crazy receipts" by the Italian media. High fuel and energy prices have made it an incredibly expensive summer. Worst offendersSome of the highest price hikes in Europe have left a vacation at home too expensive for many Italians. “We had this trip planned before Covid and have been dreaming about it even though we read the headlines about expensive prices.
Persons: Rome, Rome CNN —, Stefano Mazzola, Giorgia Meloni, , Furio, Truzzi, Francesca Volpi, Sharm el Sheik, ” Paolo Manca, Betsy, James Cramer, ” Betsy, , Alberto Pizzoli, Antonio Coviello, Daniela Santanche Organizations: Rome CNN, CNN, Bloomberg, Getty, Italy’s National Research Center Locations: Italian, Lake Como, Ostia, Sardinia, Portofino, Italy, Como, Albania, Montenegro, Ukraine, Europe, Puglia, Egypt, Piazza Navona, Rome, AFP
It's made by frothing nonfat cold milk and is added to iced drinks like cold brews. While some drinks come with cold foam on top as standard, such as some of its flavored cold brews, customers can opt to add it to other cold drinks for $1.25. Currently there are six flavors of cold foam available – chocolate cream, cinnamon sweet cream, matcha cream, salted caramel cream, vanilla sweet cream, and white chocolate macadamia cream. Tim Hortons in the US, for example, sells set chilled drinks with cold foam and also has the option for customers to add it to some of its other cold drinks. Dunkin' started selling sweet cold foam in February 2021, and has since launched it in a number of time-limited flavors including brown sugar and salted caramel.
Persons: It's, Tim Hortons, Dunkin, Olivia Vaughn, Heinz Kraft Organizations: Service, New York Times, Starbucks, Maxwell, Aldi Locations: Wall, Silicon, Seattle
All over TikTok, "girl math" is being used to justify almost any purchase, from everyday things like $5 coffees to big-ticket items like concert tickets. While everyone's version of girl math is different, it typically involves rationalizing your spending in often illogical ways. Say you buy your daily coffee with cash, rather than your credit card — it's basically free, according to girl math. On TikTok, there are hundreds of videos tagged as "girl math," with some amassing millions of views. "That strategy straight-up does not work because it will catch up with you," Tu tells CNBC Make It.
Persons: it's, Tori Dunlap, Dunlap, Vivian Tu, you'll, I'm Organizations: CNBC
For Wendy's, Cheerios is now as much of a rival for breakfast customers as other restaurants, its CMO says. It just reported record quarterly breakfast sales. The chain reported record quarterly US breakfast sales volumes in the quarter to July 2, with year-over-year sales growth in the mid-single digits. And Wendy's is eyeing "outsized" growth for its breakfast sales in the future, executives said at its earnings call last week. Wendy's breakfast menu includes French toast sticks, sandwiches in croissant and biscuit buns, and hot and iced coffee.
Persons: Wendy's, Carl Loredo, Josh Kobza, Tim Hortons, Todd Penegor, We're, Penegor, We've Organizations: Service, Cheerios Locations: Wall, Silicon, QSR
After setting the internet abuzz last week, Dunkin’ will officially announce Monday the debut of Dunkin’ Spiked Iced Coffees and Iced Teas, which are both scheduled to roll out in the coming weeks. The two malt-based beverages, scheduled for an early September release, will feature eight flavors between them, all based on the chain’s iced coffee and tea flavors. Last year, Pabst Blue Ribbon axed their hard coffee flavor drink because of poor sales. The slightly sweet ice tea flavor is being sold in a six-pack of 12-ounce cans and a single 19.2-ounce cans. Dunkin' Spiked iced tea is coming out in late August.
Persons: New York CNN —, Dunkin ’, Dunkin, RTDs, ” Duane Stanford, , Samuel Adams, Dave Williams, Bump, ” Dunkin, Scott Murphy, ” Stanford, , Bravo’s, Brian Gilbert Organizations: New, New York CNN, Beverage Digest, CNN, Boston Beer Company, Bump Williams Consulting, Pabst, Ribbon, Molson Coors, La, Dunkin Locations: New York, Kahlua, Florida , Massachusetts, Texas, England
Cold drinks tend to cost more, but they can also cause headaches for staff. Cold drinks account for 75% of Starbucks' beverage sales. "The team is making good progress with its efforts to become a bigger player in the high-growth cold beverage category and saw cold beverage sales grow 16.6% year-over-year," Restaurant Brands International CEO Josh Kobza said. Tim Hortons' cold drinks menu looks remarkably like Starbucks' – especially in the US. Cold drinks can potentially reap higher profits for coffee chains because they tend to cost more and some customers opt for costly modifications.
Persons: Tim Hortons, Laxman Narasimhan, Josh Kobza, Kobza, Tim Hortons execs, Howard Schultz, Brady Brewer, Brewer, Baristas Organizations: Starbucks, Service, Brands Locations: Wall, Silicon, Canada, Maryland, Nebraska
The increase has been fast: Just five years ago, coffee, teas, lemonades and other cold drinks made up less than half of Starbucks’ beverage sales. Justin Sullivan/Getty ImagesThis trend isn’t exclusive to Starbucks, as other coffee companies are catering to growing demand for cold drinks. Half of Gen Z consumers own a drip coffee brewer, compared to 60% of all coffee consumers, Mintel said. Younger consumers view cold coffee beverages as more refreshing, better tasting and more of a treat than hot coffee, the surveys show. Iced macchiato, iced specialty tea, iced espresso and iced americano have also ranked among the fastest-growing non-alcoholic drinks on menus tracked by Technomic.
Persons: Justin Sullivan, Keurig, Maxwell, Mintel, , Dorothy Calba, Lizzy Freier, Freier, Organizations: New, New York CNN, Starbucks, Euromonitor, americano, Technomic Locations: New York
But some of its beans, known as unwashed or 'natural' arabicas, have not previously been used for high-end benchmark coffee contracts around the world. Unwashed coffee is so-called because its fruit is left to dry whole before the bean is extracted. He added that relatively little Brazilian coffee ends up in ICE warehouses because it usually fetches higher prices in the physical markets. The two companies declined to comment on whether they had got a mix of semi-washed and unwashed beans certified by ICE. Zooming out to inflation adjusted terms however, coffee prices in 1980 were equivalent to about $8 per lb - a whopping 500% higher than they are today, according to Reuters calculations.
Persons: Juan Carlos Ulate, Dagoberto Suazo, unwashed, Marcio Ferreira, Cecafe, Ferreira, Louis Dreyfus, Pedro Mendoza, Maytaal Angel, Gustavo Palencia, Marcelo Teixeira, Frank Jack Daniel Our Organizations: Workers, REUTERS, LONDON, Agricultural, Intercontinental Exchange, Reuters, Producers, IF IT, ICE, Central, Thomson Locations: Grecia, Costa Rica, TEGUCIGALPA, Honduras, Brazil, America, Africa, Cafetaleras, Colombia, Central America, Peru, Europe, Swiss, Sucafina, U.S, London, Tegucigalpa, New York
Starbucks misses quarterly sales estimates as demand wavers
  + stars: | 2023-08-01 | by ( ) www.reuters.com   time to read: +1 min
A Starbucks sign is shown on one of the company's stores in Los Angeles, California, U.S. October 19, 2018. REUTERS/Mike Blake/File PhotoAug 1 (Reuters) - Starbucks (SBUX.O) missed market expectations for quarterly comparable sales on Tuesday, signaling dull demand for its coffees and cold drinks both in the North American and international markets. However, the company recorded a sharp recovery in China, with comparable sales surging 46% even as average ticket - or the average amount spent per customer on a visit - declined 1% in the quarter. Global comparable sales at Starbucks rose 10% in the third quarter, compared with analysts' expectations for a 11.8% rise, according to Refinitiv IBES data. In its international segment, same-store sales rose 24%, also missing estimates of 25.7%.
Persons: Mike Blake, Deborah Sophia, Devika Organizations: REUTERS, American, Starbucks, Java, Thomson Locations: Los Angeles , California, U.S, Seattle , Washington, United States, North America, China, Bengaluru, Kailyn Rhone, New York
Our experts answer readers' student loan questions and write unbiased product reviews (here's how we assess student loans). My husband and I aggressively paid of $80,000 in student loans during the pandemic. I would have stopped conflating net worth with my self-worthI've spent so much energy demonizing debt in the past, especially student loans. I wish I could reach out to my younger self and remind her that student loans are an investment in the future. Tons of people have student loans, and they don't have to be a huge psychic weight.
Persons: Ramsey, we'd, David Bach, I've Organizations: Service, PMI Locations: Wall, Silicon, Dave
McDonald's is stopping its McCafé baked goods. The McCafé Bakery menu had three items: an apple fritter, blueberry muffin, and cinnamon roll. Since its launched the McCafé Bakery menu, some temporary items have been added to its lineup, including a cheese Danish and pull-apart doughnut. Some people have voiced their frustration about the decision on social media, though others have used it as an opportunity to express their dislike of the baked goods. But the removal of the McCafé Bakery items doesn't necessarily signal that the chain is giving up on regaining its breakfast share.
Persons: McDonald's, didn't, Chris Kempczinski Organizations: Service, CNN, Twitter Locations: Wall, Silicon, Indiana, Kentucky, California
If you've been waiting for Amazon Prime Day deals to buy a coffee maker, check out the Nespresso VertuoPlus Coffee and Espresso Machine. Right now, the VertuoPlus is on sale for $110 at Amazon, the best price we've seen all year. A great 35% off Nespresso deal for Prime dayNespresso has two main product lines: Original and Vertuo, and each only works with its specific pods. If you're looking for a Nespresso Original, check out more great Nespresso Prime Day deals. Besides a Moka pot, this is the closest we've gotten to true espresso without an espresso machine, and Nespresso even earned a spot in our guide to the best espresso machines.
Persons: you've, Nespresso Organizations: Amazon Prime, Machine
Delaying kids and priced out of homes, the typical Australian millennial looks similar to Americans. Student debt averages $16,000, and the government doesn't collect until you reach a certain income. Australian millennials have also empowered a political party, the Greens, with their housing woes. In 2017, 60 Minutes Australia asked Melbourne real-estate mogul Tim Gurner if Australian millennials were forever locked out of the housing market. Also frustratingly locked out of the housing market, Australian millennial voters have pushed a third-party, the Greens, into a seat at the table.
Persons: Tim Gurner, , doesn't, frustratingly Organizations: Greens, Service, Australia, Melbourne, Census Bureau Locations: Wall, Silicon, Australia, United States
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