July 4, 2023
1 min read

$1bn loss estimated in France riots

Violent protests have escalated into rioting and looting, prompting authorities in some parts of France to impose partial curfews…reports Asian Lite News

The losses from the ongoing riots in France are estimated at over one billion euros ($1.09 billion), excluding tourist industry losses, president of the Movement of the Enterprises of France (Medef), Geoffroy Roux de Bezieux, said.

He added that according to his data, more than 200 retail outlets had been plundered, over 300 banking centers destroyed and 250 vendor kiosks damaged by the rioters, Sputnik News reported.

“It is too early to give you the exact figures yet, but we’re talking here over one billion euros, not including tourist industry losses,” Roux de Bezieux said in an interview with French newspaper Le Parisien.

Violent protests have escalated into rioting and looting, prompting authorities in some parts of France to impose partial curfews and limitations on public transport. 

The French Interior Ministry has reported daily detentions and injuries to police officers, Sputnik News reported.

France has been on edge since last Tuesday, when a teenager was shot dead by a policeman for allegedly disobeying a traffic stop in Nanterre, a suburb of Paris.

The officer who pulled the trigger on 17-year-old Nahel M. has been taken into custody on suspicion of voluntary manslaughter, but that has not stopped protesters.

ALSO READ: Nahel’s grandma pleads for halt to rioting in France

Previous Story

Indian Consulate in San Francisco comes under attack again, US condemns

Next Story

Indian students stranded at Vancouver airport

Latest from -Top News

Harvard sues Trump over foreign students ban

Harvard University has filed a federal lawsuit against the Trump administration after being barred from enrolling international students, marking its second legal challenge in a month against what it describes as politically

Pakistan may face stricter IMF terms

The International Monetary Fund (IMF) will undertake its next funding review for Pakistan in the second half of 2025, with 11 new conditions now attached to the continuation of its Extended Fund

Indian diaspora in Japan backs Operation Sindoor

Members of the Indian diaspora in Japan have strongly endorsed Operation Sindoor, India’s targeted military response to the April 22 terror attack in Pahalgam, Kashmir, praising Prime Minister Narendra Modi’s leadership and

WHO adopts Global Pandemic Agreement

The agreement seeks to boost international coordination and ensure equitable access to life-saving tools during future pandemics, while reaffirming respect for national sovereignty in public health decisions In a move aimed at
Go toTop

Don't Miss

France sending warship to provide medical aid to Gaza

Macron on Saturday spoke with Qatari Emir Sheikh Tamim bin

Modi meets world leaders at G7 summit

PM Modi attended the summit along with leaders of Argentina,