{"id":1964408,"date":"2023-07-05T09:42:02","date_gmt":"2023-07-05T13:42:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/violent-riots-cost-french-businesses-over-1-billion-report\/"},"modified":"2023-07-05T09:43:01","modified_gmt":"2023-07-05T13:43:01","slug":"violent-riots-cost-french-businesses-over-1-billion-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/violent-riots-cost-french-businesses-over-1-billion-report\/","title":{"rendered":"French businesses suffered losses of more than $1 billion due to violent riots, according to a report."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fviolent-riots-cost-french-businesses-over-1-billion-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1964408&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The Violent Riots in France Cost Businesses Over $1 Billion<\/h2>\n<blockquote>\n<p><span style=\"font-weight: 400\">The violent riots that have rocked <a href=\"https:\/\/www.dailywire.com\/topic\/france\" target=\"_blank\" rel=\"noopener\">France<\/a> over the last week have cost businesses in the European nation over $1 billion, according to a new report.\u00a0<\/span><\/p>\n<\/blockquote>\n<h3>Widespread Looting and Arson<\/h3>\n<blockquote>\n<p><span style=\"font-weight: 400\">Medef, a French business association, came up with the estimate after the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/violent-riots-cost-french-businesses-over-1-billion-report\/\" title=\"French businesses suffered losses of more than  billion due to violent riots, according to a report.\">country faced <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/shapiro-the-authoritarian-left-is-on-the-march\/\" title=\"SHAPIRO: The Authoritarian Left Is On The March\">widespread looting<\/a><\/a> and arson following the police shooting of a 17-year-old boy during an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/10-alleged-human-smugglers-indicted-following-crash-that-killed-8-migrants-near-border-in-west-texas\/\" title=\"10 Alleged Human Smugglers Indicted Following Crash that Killed 8 migrants near Border in West Texas\">attempted traffic stop<\/a>. Police have arrested thousands in an attempt to quell the violence.\u00a0<\/span><\/p>\n<\/blockquote>\n<h3>Impact on France&#8217;s Image<\/h3>\n<blockquote>\n<p><span style=\"font-weight: 400\">\u201cThe videos of the riots that circulated around the world hurt the image of France,\u201d Medef President Geoffroy Roux de B\u00e9zieux <a href=\"https:\/\/fortune.com\/2023\/07\/04\/french-riots-business-cost-travel-holiday-cancelations\/\" target=\"_blank\" rel=\"noopener\">told<\/a> a French newspaper. \u201cIt\u2019s always difficult to say if the impact will be long-lasting, but there will certainly be a drop in reservations this summer, although the season had seemed promising. Many have already been canceled.\u201d<\/span><\/p>\n<\/blockquote>\n<h3>Extent of the Damage<\/h3>\n<blockquote>\n<p><span style=\"font-weight: 400\">According to Medef, about 200 businesses have been looted alongside the destruction of 250 tobacco stores and 300 banks, Fortune <\/span><span style=\"font-weight: 400\">reported<\/span><span style=\"font-weight: 400\">. The total cost of the rioting is likely higher because the estimate didn\u2019t take into account other buildings, like churches or homes, that were damaged.\u00a0<\/span><\/p>\n<\/blockquote>\n<h3>Government Support for Affected Businesses<\/h3>\n<blockquote>\n<p><span style=\"font-weight: 400\">French Finance Minister Bruno Le Maire indicated that the government would help those whose livelihoods had been destroyed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cIf your store has been burned to the ground and a life\u2019s work has been reduced to ashes, the state must be by your side,\u201d he said. \u201cWe\u2019ll do everything necessary so that economic activity can calmly pick up again in our country as quickly as possible.\u201d<\/span><\/p>\n<\/blockquote>\n<h3>Arrests and the Shooting Incident<\/h3>\n<blockquote>\n<p><span style=\"font-weight: 400\">About 3,500 people have been arrested after police shot teenager Nahel M. <\/span><span style=\"font-weight: 400\">during a <a href=\"https:\/\/www.dailywire.com\/news\/horrifying-memorial-honoring-victims-of-holocaust-vandalized-by-rioters-report\" target=\"_blank\" rel=\"noopener\">confrontation<\/a><\/span><span style=\"font-weight: 400\"> with police. According to Nanterre prosecutor Pascal Prache, French police were attempting to conduct a traffic stop on the vehicle Nahel M. was in, but he did not stop and drove through a red light. Police later caught up to the vehicle, then stuck in traffic, and told Nahel M. to get out. As the car attempted to drive away, an officer shot the teen, Prache said.<\/span><\/p>\n<\/blockquote>\n<h3>Impact on Social Media and Attacks on Officials<\/h3>\n<blockquote>\n<p><span style=\"font-weight: 400\">In the aftermath of the shooting, videos of buildings on fire and rioters clashing with French police have circulated widely on social media. The destruction has mostly affected Paris and its suburbs, but other cities have faced violence as well.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The home of Vincent Jeanbrun, the mayor of a south Paris suburb, L\u2019Ha\u00ff-les-Roses, was attacked when he was at a town hall, but his wife and two young children were chased out by the mob, The Telegraph <\/span><a href=\"https:\/\/www.yahoo.com\/news\/rioters-france-ram-car-mayors-113405472.html\"><span style=\"font-weight: 400\">reported<\/span><\/a><span style=\"font-weight: 400\">. The local prosecutor called the attack on the mayor\u2019s home and family an \u201cassassination attempt.\u201d<\/span><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The recent violent riots in France have resulted in a staggering $1 billion loss for businesses, as reported by Medef, a French business association. The country witnessed widespread looting and arson following the police shooting of a 17-year-old boy during an attempted arrest.<\/p>\n","protected":false},"author":200,"featured_media":1964409,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-1964408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1964408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/200"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1964408"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1964408\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1964409"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1964408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1964408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1964408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}