Deutsche Telekom just announced their quarterly loss, which was €1.3 billion, rising from 582 million in losses back in 2010 on the same quarter. Company said the overall yearly profit was 600 million in profit, down from €1,6 billion the year before.

Frank Ribber, from Gartner consulting said the following: "Deutsche Telekom 2011 results show that new TV and mobility services from telecom companies are not yet able to compensate business losses coming from price decline in the traditional segments". Economical performance of Deutsche Telekom overall got mixed opinions.

Rene Obermann, the chief executive mentioned, that earnings and revenue has shrunk in eastern and southern Europe due to the economic problems going on in the eurozone at the moment. He also pointed out Greece, where revenue has completely dropped.

Jobless rate in Spain is now 22,8 percent, highest in nearly 18 years and almost twice as much as it is in the rest of the Eurozone. What's even more disturbing is that half of 16-24 year olds are unemployed.

With this pace, Spain will quickly fall back into recession. Problems have been big after Spain's economy fell flat on it's face in 2008, a bubble that started growing in 2004. In that period, house prices rose by 45 percent and the mortgage market left Spain borrowing more money that they could cover.

Spain is now going under some heavy financial changes, as the parliament is trying to cut the current budget so that the economy may once again become self sustainable. New budget cut plan would cut about €9 billion.

The UK treasury just announced their new plans to make London the leading center for trading China's currency, Yuan. Bankers believe, that this could possibly bring millions of pounds to the British capital.

UK chancellor George Osbourne, said that: "London is perfectly placed to act as a gateway for Asian banking and investment in Europe". Osbourne arrived in Hong Kong on monday, he is visiting Asia to convince people that London would be the new hub for the Yuan market. He says, that "London is uniquely placed to assist in the development of this exciting market."

China has been constantly releasing strict control on the value of its currency and on flows of capital.

JP Morgan just announced weakened profits for the fourth quarter, decline that was kickstarted by the EU crisis. That didn't upset their graphs for the whole year, as their profit in 2011 rose by 9 percent to $18,9 billion.

Chairman of Holland & Co, Mike Holland complimented JP Morgan saying, how "well JP Morgan can be managed in one of the roughest times. They were lagging in revenues, but they were able to manage through that, investment banking was predictably lousy, trading was predictably lousy. But they were able to pull off a Meet-or-beat quarter".

Despite the year being a success, it wasn't all smooth sailing, as Chief Executive Jamie Dimon stated, that the last quarter was mostly disappointing. Revenue for investment banking dropped 30 percent and compensation for staff increased 3 percent, which is over $100 000 per staff member.

Samsung Electronics has informed investors of a big jump in profits at the end of this year. South Korean electronics giant expects a large incline, due to their successful smart phone releases this year, giving them a 73 percent profit jump in the last three months.

Apple was replaced this year by Samsung as the biggest smart phone manufacturer worldwide. Lee Seung-Woo from Shinyoung Securities said, that: "Samsung is likely to continue record-breaking earnings this year from flat screens and memory chips will improve, making up for any potential slowdown in handset growth rates. I'd expect profits to grow another $4 billion next year."

There has been a lot of fighting in court between Apple and Samsung, both claiming to their patents. Samsung has yet to publish it's profit numbers from the fourth quarter of the year.

Bentley just recently reported, that they're sales have risen 37 percent. Sales and demand as a whole has grown back to the pre-recession levels, with over 7000 cars sold in the last twelve months.

Bentley's chairman, Wolfgang Duerheimer stated: "It has been particularly pleasing to see renewed interest in Bentley in established as well as new and emerging markets, all of which is contributing to a positive financial result in 2011. We want that success to continue and, with a new continental V8 model set to attract new customers in 2012, have ambitious but realistic plans which reflect global economic conditions." End of the year sales were strong because of the new Continental GTC model launched late last year.

Bentley brand owning company, Crewe, sold 7003 Bentley cars last year. Most active costumers were in the United States, with 2021 cars sold, but China takes a surprising second spot on the list. With 1839 cars sold, China almost doubled their Bentley sales from 2010.

Most of the leading economists agree, recession is making a return to the European Union in 2012. There is also a lot of speculation that the European Union may not continue with it's current 17 member countries and that it might break-up completely.

Biggest reason for the downfall of the European Union is the ongoing debt crisis that has been forcing other member countries to give out big loans in other to save the limping countries from their vicious debt cycle. Politicians have been working hard trying to resolve the long lasting issue, but markets have yet to be convinced that their methods are working.

The survey was conducted amongst 34 European economists of which 27 responded, 25 of them believed that recession would continue to pillage the EU. About 35 percent believed that EU would break-up completely, while only 20 percent said, that only some member countries would abandon the union.