Violent Riots Cost French Businesses Over $1 Billion: Report

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The violent riots that have rocked France over the last week have cost businesses in the European nation over $1 billion, according to a new report.

Medef, a French business association, came up with the estimate after the country faced widespread looting and arson following the police shooting of a 17-year-old boy during an attempted traffic stop. Police have arrested thousands in an attempt to quell the violence.

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