Spend Matters Afternoon Coffee

Think about what went into that bag or those loafers...
Gucci workers 'tortured' during shifts -- Allegations of the demeaning treatment at a Gucci outlet in Shenzhen have led to two managers being replaced. In an open letter, workers at the Gucci outlet said the cruel behaviour extended to pregnant employees not being allowed food or water during their shifts. "It was a kind of torture for us to stand for more than 14 hours a day," the letter detailed. "No short rest, water or food was allowed even for a pregnant employee."

Did you get your order in?
Apple iPhone 4S Sales Exceed Four Million -- Apple Inc. said it sold more than four million iPhone 4S's in the first three days of sales, the most ever for any iPhone launch, as Sprint Nextel Corp. customers got their first chance to buy the smartphone. Apple's iPhone continued to be a key driver of growth with the company selling more than 20 million units in its third quarter, more than double the prior year's total. The iPhone continues to be a strong player in the smartphone market, despite an onslaught of competing devices running software from Google Inc.

Job hunting? Look to China...?
More Foreigners Moving To China For Work -- Expats are moving to China for work. In the not so distant future, the market will be more concerned about what plays in Beijing than what plays in Peoria. Business executives at the biggest multinationals will be more interested in what Chinese consumers are buying than what their counterparts in an aging and – currently declining -- America are buying. Recently, the China Daily reported that the number of Europeans looking for jobs in China has risen. It's nothing compared to the U.S., but it is rising. And the trend is likely to continue. Figures released by the Ministry of Human Resources and Social Security showed that 231,700 foreigners were employed in China at the end of 2010, compared with 223,000 in 2009.

Nissan: changing things up?
Nissan Weighs Cut in Japan Output -- Nissan Motor Co. may shift production of more models from Japan to factories overseas and could see domestic output fall below one million vehicles a year if the yen continues to strengthen against the dollar, a senior company executive said Friday. "We would like to keep to one million units [in Japan], but if the yen becomes even stronger it may be quite difficult to maintain" that level, Toshiyuki Shiga, chief operating officer of Nissan, said during an interview. Nissan has previously pledged to manufacture at least one million vehicles a year in Japan to maintain its domestic production base. But that decision has proven increasingly hard to justify as the value of the yen has increased to record levels against the U.S. dollar in recent months.

Sheena Moore

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