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UK Pilots Targeted Social Media Restrictions To Shield Teen Wellbeing

Government Initiative In Focus

The UK government is launching a novel pilot program aimed at mitigating the risks posed by social media to teenagers. In a measured response to the legislative rejection of a comprehensive under-16 ban, the Department for Science, Innovation & Technology is conducting a six‐week trial targeting a specific segment of the youth demographic.

Pilot Program And Strategic Measures

Pilot includes 300 teenagers across the UK and tests four intervention models. One group uses parental controls to restrict specific apps, while another follows a one-hour daily limit on platforms including Instagram, TikTok and Snapchat.

The third group is subject to a curfew from 9 p.m. to 7 a.m., while a fourth group maintains unrestricted access as a control. The program is part of a broader consultation that has received more than 30,000 responses from parents and children.

Global Context And Complementary Measures

Several countries are testing stricter rules on social media use by minors. Australia introduced a ban for users under 16, becoming the first country to implement such restrictions. In the UK, Ofcom and the Information Commissioner’s Office support stronger age verification and measures to limit contact between minors and unknown users. Online safety groups have raised similar concerns.

Empirical Studies And Legal Implications

Research co-led by University of Cambridge psychologist Professor Amy Orben and the Bradford Institute for Health Research is underway. The study includes around 4,000 students across 10 schools. Project examines how reduced social media use affects adolescent health, including sleep, stress and body image. Results are expected to inform policy discussions on youth digital use.

Legal pressure on technology companies is also increasing. Meta, parent company of Facebook, Instagram and Threads, was ordered to pay nearly $400 million in damages after a New Mexico jury found failures in protecting minors from online risks. Separate litigation in Los Angeles is examining whether Meta and YouTube designed features that contributed to excessive use and mental distress among underage users.

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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