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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Jessica Weisman-Pitts

    Posted on September 20, 2022

    Featured image for article about Top Stories

    By Geert De Clercq

    PARIS (Reuters) – The French government said on Tuesday it would boost state support for cycling in 2023, hoping to promote the use of bicycles for transport in rural areas, improve citizens’ health, and use them in the energy transition.

    French Prime Minister Elisabeth Borne told reporters a new 250 million euro ($249 million) cycling fund will boost bike infrastructure and finance cycling lessons for 800,000 school children.

    “Cycling in cities has really taken off in recent years, the challenge for the coming years will be to show that cycling can also be a mode of transport in rural areas,” she said.

    Borne said that thanks to 14,000 kilometres of new bike lanes and subsidies for buying and fixing bicyles, they had become the most-sold means of transport, with 2.7 million sold in 2021.

    “At a time when we have provided so much support for fuel and cars, it is important to show that we also support other forms of transport,” France’s Transport Minister Clement Beaune told Le Parisien newspaper.

    “We want to make the bicycle a real means of transport, not just a thing of leisure,” he added.

    This year, the French government has offered subsidised rebates on car fuel prices at a cost of 7.5 billion euros.

    ($1 = 0.9986 euros)

    (Reporting by Geert De Clercq; Editing by Alexandra Hudson)

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