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AP - Cyprus' finance minister projected Friday that the economy's growth would fall to 2.1 percent this year, but said the economy is better shape to weather the global financial crisis than many other countries.

Russia lets ruble fall as devaluation continues (AP)
AP - Russia's Central Bank allowed the ruble to drop sharply against the dollar Sunday, resuming a controlled devaluation of the currency that began Nov. 11 as the country's economy continued to weaken.
ADDITIONAL INFO With a low risk termination, the jobholder is unlikely to sue and you have papers justifying the layoff for a legitimate reason. When you layoff a worker for other reasons, you must use progressive discipline. Your dismissal notice should briefly summarize the detailed documentation you collected while trying to reform this worker. These may be items like company computers, cell phones, credit cards, ID badges or a company car. There is nothing to apologize for as you made every attempt to work with and help the employee before lay off. The workforce holding these positions are fired. While building the case against the jobholder, keep Hr and your manager informed of all significant transgressions by the bad individual.

You can never be too careful when terminating a worker and when developing an exit interview policy - your small business depends on it. o The jobholder is a union member. Since it is such an important document, you should consider several key elements when writing a dismissal memorandum. Make sure the questions cover the specific lay off. The employee should then sign papers showing that he or she is aware of the problem and recognizing that you have discussed it. Therefore, you singled out his client and fired him for an wrongful reason. Your exit interview policy should include precise steps you, or any manager, must take when firing a worker. Unquestionably, if an employee's behavior is of a serious enough nature, you should suspend the worker until you can examine the circumstances. This meeting is usually off-site and a few days after the lay off.