BNP to Cut 200 Branches by End of 2026 to Kick Off Retail Revamp
BNP Paribas SA Chief Executive Officer Jean-Laurent Bonnafe plans to cut hundreds of domestic retail branches in an effort to lift profitability at a business that has struggled for years.
In a first step, the French lender plans to close around 80 branches this year and another 120 next, according to people familiar with the matter. Headcount in the branch network is expected to decline by 5% a year, while staff would be added in online and phone banking.
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The OG of 360 cameras returns –meet the Ricoh Theta A1
When you buy through links on our articles, Future and its syndication partners may earn a commission. Ricoh's new Theta A1 announcement promotes ruggedness, connectivity and speed in the field. It looks a lot like the brand, with over a decade's heritage in 360, is making a play against the action camera brands Insta360 and GoPro that are topping the best 360 cameras guide at the moment! The new Theta A1 was rumored recently, with discussion of a new battery being a key part of the leaks. A long-lasting replaceable 1,485 mAh battery is now a highlight of the official announcement, as is an optimized video codec that will further improve battery performance. UPDATE: We now know the price of the camea will be €799 (approximately £675 or $912, though US pricing will depend on tariffs at the time). The time in question will not be until September this year. "We're meeting the expectations of field professionals: robustness, speed, and integration," said Thomas Servan, managing director of Ricoh Futures EMEA. "It embodies our vision of useful, connected technology that aligns with the operational needs of our clients.' It is interesting that Ricoh seems to pitch the camera more toward professional customers, even though we've seen so much growth in the 'action camera' end of 360 cameras. Oddly, though, the needs seem to coincide: "rugged, waterproof, dustproof and extreme temperature-resistant casing" says the press release! The camera's spec sheet promises 60MP (11,008 x 5504) stills and has some interesting video formats, up to 8K (but at a maximum of 10fps) but also including 5.7K and 4K. There is even a 2fps option for the 8K, at a choice of 8, 16 or 24Mbps data rates – a lot of potential flexibility for any professional concerned with managing the data as much as quality. There is also the option of 2K or 4K live streaming. The Ricoh Theta A1 now sits in the company's lineup alongside the Theta Z1, which offers the highest resolution for precision scanning, and the Theta X with its integrated screen for versatility. That screen, by the way, makes it a more obvious contender for the consumer space than this business-like piece of kit. You will notice that the Theta SC2 no longer appears in what Ricoh calls its "newly restructured 360° camera lineup, focused squarely on professional use cases." All models, including the new Theta A1, are based on Theta Twin architecture, so compatibility with other Ricoh systems should be straightforward. The APIs and SDKs for this system have been public since 2013, and the Ricoh360 application will work with this camera as well as the others. Image 1 of 4 Gallery of sample images supplied by Ricoh – use the arrows to click through Image 2 of 4 Image 3 of 4 Image 4 of 4 The device is approximately 225g, IP64 dust and waterproof, and 142mm high (5.9 inches). The 7-element lenses are f/2.4 and the nearest focusing distance is 40cm. Each 1/2-inch sensor is approximately 48MP though, of course, because of the shape some of this data is lost, hence the 60MP files. Files are saved to the 27.5GB internal storage. As noted, the pricing information for Europe is set at €799 and the date is no more precise than "set for September" – we'll keep you posted. Check our guide to the best action cameras to get an idea what kind of thing a more rugged camera is expected to face. If you're interested in 360, don't just check the best 360 camera guide – we also have an Insta360 X4 vs X5 comparison. And have you heard the latest DJI Osmo 360 rumor?
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Inside key meeting to remove Trump tariffs
Trade Minister Don Farrell has detailed the discussion he had with his US counterpart Jamieson Greer, revealing he had the 'greatest confidence' in Anthony Albanese during an expected meeting with Donald Trump next weekend. Senator Farrell spoke to the US Trade Representative while in Paris last week and characterised the talk as 'friendly'. Despite this, he maintained the tariffs were 'simply unjustified', highlighting Australia's trade surplus with the US. Figures indicate Australia buys about $70bn worth of goods from the US, compared to the $30bn of exports Australia sells to America. 'It wasn't a difficult discussion in terms of the relationship between us, and I am certainly of the view that we have the opportunity to continue to talk with Jamieson and Commerce Secretary Lutnick to put our case across,' he said. Senator Farrell also said he was still determined to get the trade barriers slashed. 'It's only by open discussion, honest discussion, with our allies in the United States that I think we can do that, but I certainly haven't given up on the prospect of getting these tariffs removed,' he said. 'And every opportunity I get, I'll continue to pursue that argument with the United States.' However, Senator Farrell said the decision will be ultimately made by Donald Trump, putting increased pressure on Mr Albanese's upcoming meeting with the US President. He said that while there were a 'range of ways' in which Australia communicates with the US, the 'most important … relationship between our prime minister and the president of the United States'. 'Look every meeting, I think, between an Australian Prime Minister and the US president will always be a critical meeting and I have the greatest confidence in our prime minister to push the Australian point of view on this.' The trade barriers currently include a 50 per cent levy on steel, a 25 per cent tariffs on aluminium and a blanket 10 per cent on other goods. While Mr Albanese maintained he won't compromise on Australia's biosecurity, he hinted Australia could review current settings which don't allow the US to import beef which originates from Canada and Mexico. Mr Albanese has also ruled out changes to the Pharmaceuticals Benefit Scheme, News Media Bargaining code and incoming ban on social media for under-16s, while highlighting Australia's critical minerals industry as a potential bargaining chip. 'If things can be sorted out in a way that protects our biosecurity – of course, we don't just say no, we don't want imports in here for the sake of it,' he told ABC radio on Friday. 'But our first priority is biosecurity and there'll be no compromise on that.' Mr Albanese said Australia would not have a 'subservient relationship to any nation'. 'We're a sovereign nation that stand on our own two feet,' he said. Senator Farrell also said he was 'confident' Australia can secure a new trade deal with the European Union, with EU President Ursula von der Leyen expected to visit Australia in July or August. 'We've got lots of things that we can sell to the to the Europeans. I believe now that there's an appetite to reach an agreement on both sides,' he said. 'The world has changed, those countries that believe in free and fair trade have to work together.'
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Deutsche Bank Considers Stablecoin or Joining Industry-Led Initiative, Exec Says
Deutsche Bank is studying stablecoins and tokenized deposits as part of its growing digital assets strategy, joining other major banks exploring blockchain infrastructure for payments and settlement. The bank is considering whether to issue its own stablecoin or join a broader industry initiative, Bloomberg reported, citing Sabih Behzad, Deutsche Bank's head of digital assets and currencies transformation. It's also weighing the development of a tokenized deposit system aimed at making payments more efficient, according to the report. Major banks in the U.S. are currently weighing the launch of a joint stablecoin in a bid to fend off competition from the cryptocurrency space. These reportedly include heavyweights like JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C) and Wells Fargo (WFC). Regulatory clarity in the European Union and pending stablecoin legislation in the U.S. have helped accelerate stablecoin adoption. Behzad said banks have options that range from acting as reserve managers to launching their own digital tokens. Deutsche Bank has said in a research report that stablecoins are on the verge of mainstream adoption as crypto legislation advances under the Donald Trump administration. Germany's largest lender has, meanwhile, invested in cross-border payments firm Partior and joined Project Agorá, a central bank-backed initiative focused on wholesale tokenized payments. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
