"French Riots Leave Businesses Reeling with Over $1 Billion in Losses"
Riots in France, sparked by the fatal shooting of a teenager by a police officer, have caused over $1.1 billion worth of damage, including looting of stores and destruction of bank branches and corner shops. The French government is considering measures to assist affected businesses, but insurance claims are expected to fall short of the estimated damages. The unrest has also led to a decline in tourism, with foreign tourists canceling 20-25% of planned trips to Paris. The disruption comes at a challenging time for the French economy, which has already experienced protests and strikes over pension reforms.
