Barclays will axe thousands of jobs and raise bonuses for its investment bankers this year, the under-fire British lender announced on Tuesday after posting a return to annual profits.

Chief executive Antony Jenkins, who has himself declined a huge bonus as Barclays is probed along with other banks over possible manipulation of foreign exchange trading, said that between 10,000 and 12,000 jobs would go worldwide this year.

U.S. Federal Reserve Chair Janet Yellen can expect global financial markets to scrutinize her first public remarks since taking over the central bank's leadership this month.

Investors this week will try to determine whether Yellen will embrace all the policies of her predecessor, Ben Bernanke. They will also look for any clues that she is worried about the economy or the stock market's turbulence.

A global property consultant says there are worrying signs that Dubai could be facing another economic bubble.

In its annual report on real estate trends in the United Arab Emirates, Jones Lang LaSalle pointed to a number of concerns, including unsustainable growth in property costs and speculative buying following Dubai's win to host the world fair in 2020.

Japan produced a gloomy batch of economic data Monday showing shoppers growing nervous and the trade deficit ballooning, as Prime Minister Shinzo Abe prepares to launch a controversial sales tax rise.

The government said consumer sentiment weakened in January, while the current account surplus -- the broadest measure of trade with the rest of the world -- hit a record low in 2013 as the cheap yen pushed up energy bills.

The incoming head of Europe's new single banking supervisory authority has warned that weak eurozone banks will be allowed to fail following upcoming stress tests, in an interview in Monday's Financial Times.

Frenchwoman Daniele Nouy was giving her first interview since being appointed chief of the Single Supervisory Mechanism, set up as part of attempts to stabilize the EU's banking system and shift the financial costs of failed banks away from sovereign governments

The Asia-Pacific will require almost 13,000 new airplanes worth $1.9 trillion over the next 20 years, Boeing said Monday, as booming wealth in the region fuels demand for air travel.

Ahead of the Singapore Airshow, the U.S. plane maker said 12,820 extra aircraft would be needed by 2032 and that in the same period the region would account for 36 percent of global commercial deliveries for both passenger and freight.

Portugal is preparing to issue a 10-year bond for the first time since May, in what would be a major market test for the crisis-hit country, a weekly magazine reported Saturday.

"The banks in charge of the operation have already been contacted and the issuance should take place in the coming days," the weekly Expresso wrote.

The U.S. job creation engine sputtered for the second straight month in January, raising fresh questions about the economy's momentum.

The Labor Department reported Friday that the economy pumped out a net 113,000 new jobs in January, far fewer than the 175,000 that economists had forecast and even farther off the monthly average for last year of 194,000.

Argentine President Cristina Kirchner's government was accused by a leading Republican U.S. senator Friday of risking a credit default and of failing to stand by its democratic promises.

Latin America's third-largest economy appears powerless in the face of the hemorrhage of its currency, the peso, and Argentina's central bank has said it burned through $2.1 billion in reserves in January alone.

President Barack Obama signed an agriculture bill worth more than $950 billion Friday, saying the rare product of cooperation in Washington was an example of how the gridlocked U.S. political capital should work.

Obama traveled to Michigan to highlight the measure, which he compared to a Swiss Army knife because it had so many different functions as it expands U.S. food exports, broadens conservation and safeguards water resources.