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Losses for insurance companies from the riots in France could reach €1.2 billion, Financial Times writes, citing analysts at Morningstar DBRS. According to a preliminary estimate by Trade Minister Serge Papin, at least 3,000 businesses were affected, including Louis Vuitton and Kenzo boutiques.
In France, mass protests against declining living standards have escalated into unrest. According to the country’s Interior Ministry, around 33,000 people took to the streets, and at least 300 participants in the demonstrations have been detained in several cities.
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