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Social Media Ban For Under-16s Gains Global Momentum

Australia’s recent enforcement of a social media ban for individuals under 16 has captured international attention, prompting global debates on digital safety and youth mental health. As governments evaluate similar policy measures, industry leaders and regulators are reassessing the role of social media in children’s lives.

Australia’s Bold Regulatory Move

The Australian government’s Online Safety Amendment Act—implemented on December 10—affects major platforms including Reddit, X (formerly Twitter), Meta (owner of Instagram), Alphabet (YouTube), and Bytedance’s TikTok. The law mandates stringent age verification processes, with non-compliant companies facing fines of up to 49.5 million Australian dollars (roughly $32 million).

Global Repercussions And Policy Debates

While the immediate reactions among teenagers, tech giants, and experts are mixed, several nations are already exploring analogous restrictions. Daisy Greenwell, co-founder of the U.K.-based Smartphone Free Childhood campaign, emphasizes that governments are under mounting pressure to safeguard the mental wellbeing of children. Countries such as France, Denmark, Spain, Germany, Italy, and Greece are among those considering similar age-related bans.

Legislative Momentum In The U.K.

In the U.K., momentum is building as calls intensify for a social media ban for under-16s. The House of Lords is on the cusp of voting to amend the Children’s Wellbeing and Schools Bill to incorporate these restrictions. U.K. Prime Minister Keir Starmer has endorsed the measure, asserting the necessity of enhanced protections for children amid growing concerns over excessive screen time.

Industry Resistance And Future Prospects

Not surprisingly, tech companies have been quick to respond. Reddit has initiated legal proceedings, arguing that the law undermines political discussion online. Meanwhile, Meta has appealed to the Australian government for a reexamination of the policy—highlighting the considerable challenges that regulators face in balancing innovation with consumer protection.

Looking Ahead

Experts like Ravi Iyer, Managing Director at the USC Marshall School’s Neely Center, suggest that while a nationwide ban in markets such as the United States remains unlikely in the near term, state-level interventions may soon follow. The overarching goal of these policies is to diminish peer pressure among teens to engage with social media, thereby fostering healthier social environments.

If these legislative shifts take hold, they could mark a transformative moment in the regulation of digital platforms worldwide—ensuring that technological advancement does not come at the expense of our youngest generations.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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