July 4, 2023
1 min read

Losses to the tune of $1bn estimated from riots in France

Violent protests have escalated into rioting and looting, prompting authorities in some parts of France to impose partial curfews and limitations on public transport…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-France protests ease as Macron prepares to meet leaders

Previous Story

Jio’s new Rs 999 phone upsets rivals

Next Story

NATO readies military plans to defend against Russia  

Latest from -Top News

Mass Expulsions Close Afghan Shops in Pakistan

As Pakistan intensifies its mass deportation drive against Afghan refugees, the once-bustling Afghan-owned businesses in Rawalpindi are falling silent. With the March 31 deadline for repatriation passed, a growing number of Afghan-run

South Korea Sets June 3 Presidential Election

South Korea will hold a presidential election on June 3, the government confirmed on Tuesday, setting the stage for a new leadership following the impeachment and removal of former President Yoon Suk

RPP Rallies for Return of Nepal’s Monarchy

Police on alert as royalist rallies return to the capital Kathmandu witnessed heightened tensions on Tuesday as the pro-monarchy Rastriya Prajatantra Party (RPP) staged a high-profile demonstration demanding the reinstatement of Nepal’s
Go toTop

Don't Miss

Saudi Arabia’s Crown Prince meets French President

Saudi Arabian Crown Prince Mohammed bin Salman Al Saud on

India, France team up for advanced defence tech

Ambassador Lenain also emphasised that there is “real” political consensus