French market News

French Farmers Facing ‘Catastrophic’ Harvest Seek State Help

French farmers are calling on the government to provide financial aid as there’s a high risk that this year’s wheat harvest will be the lowest in at least a decade because of heavy rains. Three weeks into the season, field …

Update: French Internet Cables Severed in Latest Attack During Olympics

A number of fiber optic cables carrying broadband service across France were cut overnight in the latest attack on the country’s infrastructure during the Olympic Games. Connections serving Paris, which is hosting the Olympic Games this week, and the games …

Paris Trains Hit By Sabotage Hours Before Olympics Kick Off

Trains to and from Paris, including the international Eurostar service, were hit by what authorities called a “massive attack aimed at paralyzing the network” of France’s super-fast trains just hours ahead of the inauguration ceremony of the 2024 Olympic Games. …

Corporate France Braces for New Era of Political Turmoil

France’s business elite is anxious about volatile politics, inexperienced policymakers, street protests and a possible wave of bankruptcies in the coming months, executives meeting in Provence said ahead of Sunday’s parliamentary election. Corporate leaders gathered on Friday and Saturday in …

Sompo International Authorized to Write Primary Insurance in France

Sompo International announced it has been granted a license to write primary insurance in France by the French Prudential Supervision and Resolution Authority (ACPR), further extending the company’s commercial property/casualty insurance capabilities and product offerings in Continental Europe. “The granting …

Insurance Claims From French Riots Rise to $716 Million

Some 11,300 claims for damages from riots in France had been filed as of July 7 for a total cost of €650 million ($716 million), the insurers federation said in a statement Tuesday. The number of claims has doubled compared …

Economic Cost of French Riots Could Top €1 Billion as Unrest Continues to Drop

President Emmanuel Macron will meet with more than 200 mayors to assess the riots that have rocked France as a massive police deployment led to a continued drop in the level of unrest overnight. French employers’ lobby Medef estimated the …

French Insurers Say Cost of Riots Totals $305 Million, So Far

French insurers have so far received around 5,900 claims worth a total of some €280 million ($305 million) resulting from damage caused during a week of riots following the police shooting of a teenager. This compares with 10,000 claims for …

French Building Collapse Kills at Least 6; Gas Explosion Suspected

French investigators are treating the deaths of at least six people who were killed when a building collapsed in the city of Marseille as a possible “involuntary homicide” case, a prosecutor said Tuesday. Prosecutor Dominique Laurens said an investigation was …

Building Explodes and Collapses in Marseille, France

More than 100 firefighters worked against a ticking clock to extinguish flames deep within debris to save up to 10 people possibly buried after a building exploded and collapsed early Sunday in the French port city of Marseille. Interior Minister …