Weekend riots and looting across France hit retailers, stock markets and tourism
Summary
Protests across France over rising living costs and declining public services turned violent over the weekend, with widespread looting that left shopfronts demolished and thousands of euros' worth of stock stolen, including an official club store in Marseille. Business owners counted the cost and accused the government of failing to protect them, and French business representatives met with the government in a crisis meeting. European stock markets opened lower on Monday, while bond and currency traders sold off French debt and the euro. The tourism sector fears a drop in winter holiday bookings. On Sunday, President Macron held an emergency meeting with senior government officials and warned that those who looted will have to pay for the damage. Shopkeepers say they are struggling to recover, with some fearing for the future of their businesses and employees.
Timeline
Euronews
Source ↗Euronews reports that European stock markets opened lower on Monday after a weekend of violent protests and looting in France, as business owners counted the cost and accused the government of failing to protect them.
France 24
Source ↗France 24 reports that protests across France caused widespread looting and violence, leaving shopfronts demolished and thousands of euros' worth of stock stolen, and that Macron warned on Sunday that looters would have to pay for the damage.
France 24
Source ↗France 24 reports that French business representatives gathered for a crisis meeting with the government after widespread looting, while the tourism sector feared fewer winter holiday bookings and traders sold off French debt and the euro.
Straits Times
Source ↗The Straits Times reports that Marseille's official club store was looted amid unrest in France, and that other shops were looted or damaged during protests over high prices and declining public services.
Euronews
Source ↗Euronews reports that French shopkeepers are struggling to come to terms with the destruction left by a night of rioting and looting, with some fearing for the future of their businesses and employees.

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