
AI-generated summary
Violence broke out during a weekend of protests against the high cost of living on October 17 and 18.
Ransacked shops, broken windows, destroyed street furniture, town hall set on fire… The total bill for the violence committed during the weekend of October 17 and 18, on the sidelines of the demonstration against “the high cost of living”, promises to be astronomical.
At this stage, it is still too early to know the exact amount. But the network of chambers of commerce and industry (CCI France) has already mentioned “hundreds of millions of euros in damage” for traders alone.
“We are in an extremely serious public security crisis, the scale and consequences of which are unprecedented for commerce,” explains Alexandre Bompard, CEO of Carrefour and president of the Federation of Commerce and Distribution (FCD), to Le Figaro. During the “yellow vests”, there was certainly violence but no looting. There you have 3,000 businesses on land and events which are further darkening the already very fragile consumption and morale of the French. This is unheard of. »

More than 200 bank branches suffered acts of vandalism during weekend protests in France. The six major banking groups are affected, while the Minister of Commerce estimates the total number of businesses impacted between 2,000 and 3,000.

Three days after violence and looting, the government presented this Tuesday new aid for affected traders, including a zero-interest loan of 50,000 euros, a support fund and tax facilities.

According to a note from the ECB, food inflation in the euro zone could rise again next year due to energy and weather shocks, threatening the purchasing power of households.

The Portuguese group Cerealis is in exclusive negotiations with the CVC Capital Partners fund to acquire Panzani, the French leader in pasta, creating a combined turnover of more than one billion euros.

Examined in the Assembly, the first part of the finance bill (PLF) for next year is the subject of numerous amendments adopted by the deputies, affecting retirees, inheritances and overtime.

Cooperative U is recalling boxes of cassoulet sold throughout France due to a labeling defect: they contain unlabeled tartiflette containing sulphites.