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The First in the World: Australia Bans Social Media for Under-16s

In a groundbreaking move, Australia’s Senate has approved a ban on social media access for children under 16. The law, which imposes strict fines on non-compliant companies, aims to safeguard young users’ well-being but has sparked debate over its practicality and potential consequences.

Key Facts

  • Legislative Milestone: The bill passed Australia’s Senate by a vote of 34 to 19 on Thursday, following overwhelming support in the House earlier this week.
  • Strict Compliance Timeline: Social media companies have one year to block under-16 users or face fines of up to $33 million.
  • Government Backing: Prime Minister Anthony Albanese hailed the law as a global first, emphasizing its role in protecting young people from social media’s harmful effects.

A Divisive Policy

While the law has garnered praise for its child-centric focus, critics argue that its rushed implementation might create logistical challenges. Detractors, including social media firms, have pointed to unresolved technical issues and potential unintended consequences.

  • Proponents’ Perspective: Albanese stressed that the law shifts responsibility to platforms, holding them accountable for safeguarding children. “Social media has a social responsibility,” he said, addressing parents’ concerns about the impact on young users’ mental health and self-esteem.
  • Industry Concerns: Companies like Google, Meta, and TikTok have called for delays, citing gaps in age verification systems and the risk of broader implications for all Australian users. Elon Musk described the bill as a possible “backdoor to control internet access.”

Broader Context: Global Efforts to Protect Children Online

Australia’s ban may be the strictest yet, but other nations are also taking steps to regulate children’s online activity:

  • United States: The Children’s Online Privacy Protection Act (COPPA) mandates parental consent for data collection from users under 13.
  • European Union: The Digital Services Act prohibits personalized advertising targeting minors and enforces stricter online protections for children.

Key Takeaway

Australia’s new law sets a precedent in tackling the challenges of social media’s impact on youth, but its execution will be closely watched as the global conversation on children’s online safety evolves.

Aegean Airlines Reports Higher Revenue And Profit In 2025

Financial Performance Overview

Greek air carrier Aegean Airlines delivered a solid financial performance in 2025, reporting increased revenue, profits, and passenger volumes as it advanced its expansion strategy. The consolidated revenue rose by 5% to reach €1.86 billion for the year, buoyed by a combination of network growth and heightened winter demand.

Expansion Strategy And Market Position

Capacity growth remained a central part of the airline’s strategy. Aegean Airlines offered 21 million available seats across domestic and international routes in 2025, representing a 6% increase compared with the previous year. The airline also expanded capacity during traditionally weaker travel periods to reduce the impact of seasonality. As a result, the annual load factor reached 82.5%, while total passenger traffic increased to 17.3 million, nearly one million more than in 2024.

Profitability And Dividend Proposal

Operating performance improved during the year. EBITDA reached €421.5 million, while pre-tax profit rose 17% to €192.1 million. Net profit increased 14% to €147.8 million. Additional costs related to European environmental regulations and the use of Sustainable Aviation Fuel added €43.3 million to operating expenses during the year. Lower fuel prices and a favorable euro exchange rate helped offset part of this impact. The board of directors has proposed a dividend of €0.90 per share, which will be submitted for approval at the upcoming annual general meeting.

Outlook Amid Geopolitical Volatility

Chief executive Dimitris Gerogiannis said the airline’s performance in 2025 was supported by network expansion, the delivery of new aircraft and higher capacity during off-peak travel periods. Looking ahead, he noted that rising geopolitical tensions in the Middle East could affect operations. Flights to the region represent approximately 4–5% of the airline’s total scheduled activity, and disruptions could influence demand and fuel costs. Higher fuel prices are expected to affect performance during the first quarter. Nevertheless, strong cash reserves and existing fuel hedging strategies are expected to help the airline manage potential volatility.

Debt Repayment And Financial Stability

The company also strengthened its balance sheet by repaying a €200.3 million common bond loan on March 12, 2026. The payment settled all obligations linked to the bond issued in March 2019. By the end of 2025, Aegean Airlines reported €955.1 million in cash, cash equivalents and financial investments, highlighting a strong liquidity position.

Conclusion

Aegean Airlines’ performance in 2025 reflects a well-executed blend of strategic expansion and fiscal discipline, positioning the carrier for continued success despite a challenging global environment. The company’s ability to sustain operational efficiency and profitability while managing external risks sets a compelling example for the aviation industry as it navigates an era of heightened market uncertainties.

Uol
Aretilaw firm
eCredo
The Future Forbes Realty Global Properties

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