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Parents desperate to keep their children away from social media ahead of Greek ban
Georgia Efstathiou, a Greek mother, has done everything she can to break the social media 'grip' on her son of?14 years: personal talks with him; internet-free days; and confiscating his phone. She is battling the lure of her son's screen, its videos, and its messages. Efstathiou could finally get the help she so desperately needs. The Greek government will likely announce in the next few days a ban on social media for children younger than 15. They'll join the ranks of other nations that are trying to protect young children against addiction and online abuse. We've reached our limits... We parents need help,"?said Efstathiou, 43, holding her son's mobile phone in her living room in Athens. We have reached our limit... we parents need help," said Efstathiou (43), holding her son's phone in the living room of her Athens home. Efstathiou's not alone. A February poll published by ALCO showed that 80% of respondents approved of the ban. The government of Prime Minister Kyriakos?Mitsotakis has already banned mobile phones from schools and established parental control platforms to limit teens' screen time. The government declined to comment on whether or not the ban will be implemented, as well as when. The plan was reported in February, and sources said that a formal announcement would be made soon. Mitsotakis said to a Greek Australian newspaper last month that Greece would move "in the same direction as Australia", where social media companies were ordered to exclude users under 16 in December or face fines. Worries of addiction and bullying are everywhere. As in other countries, Greece is facing a reckoning over social media platforms such as Meta’s Instagram, TikTok, and online gaming platforms. George Kormas, the manager of the Greek Safer Internet Centre, in Athens said that between 2024-2025, the number of calls to the helpline, which provides support to children who are victims to cyberbullying, more than doubled. Blackmailing minors, misinformation and hate speech are also complaints. According to data from the Helpline, 75% children in Greece who use social media are primary school age. He said, "This is undoubtedly worrying to us because they can't handle social media and protect themselves." Athanasios theocharis is the head of the National Organization for the Prevention and Treatment of Addictions. He said that 48% of teens have felt the negative effects of social media. He said that the ban could provide "a significant level of protection". KIDS CAN NOT IMAGINE LIFE WITHOUT SOCIAL MEDIA Parents who were interviewed expressed concern about their children's online activities or feared that they would lose control. Some people prefer that the government does not intervene at all. Dimitris (44), said: "I would prefer a different method, which is to limit mobile phone usage within the family." "But if that's not possible, perhaps a complete ban is the only option." Catherine, his 14-year old daughter, says that most teenagers of her age haven't known a life without social media. She told her father, "It's the way we have learned ever since we were children," before playing basketball near the Acropolis. "I'm able to control it, but I tend to get carried away." (Reporting and editing by Edward McAllister, Lincoln Feast and Louisa Gouliamaki from Athens. Additional reporting by Deborah Kyvrikosaios in Athens.
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As the Middle East conflict escalates, airlines cancel more flights
The global air travel industry is still severely affected by the Iran War. Many people are still unable fly to their destinations as planned after major Middle-Eastern hubs such as Dubai, Doha, and Abu Dhabi were closed. The latest flight information is listed below alphabetically: AEGEAN AIRLINES Greece's largest airline has?cancelled flight to Riyadh and Tel Aviv until April 30 and Erbil, Baghdad, and Dubai until May 31, AIRBALTIC AirBaltic, a Latvian airline, has announced that all flights to Tel Aviv are cancelled until May 31, 2019. All flights to Dubai have been cancelled until October 24, according to airBaltic. AIR CANADA Canadian Airlines has canceled all flights to Tel Aviv and Dubai up until September 7. AIR EUROPA Spanish Airlines has cancelled all flights from Tel Aviv to May 3rd. AIR FRANCE-KLM Air France has suspended Tel Aviv flights to Beirut, Dubai, and Riyadh until April 19. KLM has suspended its flights to Tel Aviv and Riyadh until May 17. CATHAY PACIFIC Hong Kong Airlines has cancelled all flights to Dubai, Riyadh and Abu Dhabi until May 31. In April, the airline will increase passenger flights from London, Paris, and Zurich to Europe to meet the increased demand. The U.S. airline has cancelled flights between New York and Tel Aviv, and will delay the start of the Atlanta-Tel Aviv flight until September 5. The launch of the?Boston to Tel Aviv route was delayed until further notice. EL AL ISRAEL AIRLINES Customers who had planned to leave Israel by April 11th have been denied their flight, as well as the return flight. The airline operates a limited number flights to key destinations. EMIRATES After a partial opening of the regional airspace, Emirates Airlines has announced a reduced schedule. ETIHAD AERWAYS The UAE carrier said that it operates a commercial flight schedule between Abu Dhabi, and about 80 destinations. FINNAIR The Finnish airline has canceled its Doha flights up to July 2 and continues to avoid the airspaces of Iraq, Iran Syria, and Israel. Dubai flights will only be resumed in October. FLYNAS Saudi Budget Airlines has suspended flights to Dubai, Abu Dhabi Sharjah Doha, Bahrain Kuwait Iraq and Syria. British Airways, owned by IAG, has cancelled flights to Amman and Bahrain until May 31, and Doha until April 30. Flights to Bangkok, Singapore, and the Maldives have been added until April. In May, a third daily flight will be operated between London and Mumbai. Flights to Abu Dhabi are suspended until the end of this year. Iberia Express is IAG's low cost airline. All flights between Tel Aviv and Tel Aviv have been cancelled until May 31. JAPAN AIRLINES Japan Airlines has suspended its scheduled flights between Tokyo and Doha until April 10, and Doha to Tokyo until April 11. The Polish airline suspended all flights to Tel Aviv from May 31 until now. The airline has also canceled flights to Riyadh and Beirut between March 31 and May 30. The airline will operate its winter route from Dubai to October. LUFTHANSA GROUP Lufthansa and Swiss Airlines have suspended flights from Dubai and Tel Aviv to Abu Dhabi until May 31. ITA Airways, Brussels Airlines, ITA Airways, Edelweiss and ITA Airways have suspended flights between Tel Aviv and Abu Dhabi until October 24. Lufthansa Cargo will be the same except for Tel Aviv, which is suspended until April 30. Eurowings, a low-cost airline, plans to suspend its flights to Tel Aviv and Beirut through April 30, and to Dubai, Abu Dhabi, and Amman until October 24. MALAYSIA AIRLINES Malaysian Airlines has suspended all flights to Doha up until June 14. NORWEGIAN AIR Low-cost carrier has delayed the launch of Tel Aviv and Beirut flights to June 15 from April 1?and April 4 respectively. The airline has cancelled all Dubai flights until April 8 for the rest of the winter. PEGASUS Pegasus Airlines, Turkey's national airline, has cancelled all flights to Iran, Iraq, Amman Beirut, Kuwait Bahrain Doha Dammam Riyadh Dubai Abu Dhabi Sharjah and Abu Dhabi until May 1. QANTAS Australia's flag-carrier is adding flights to Rome, Paris and London to meet the?increased demand for European routes. The number of flights to Paris will rise from three to five weekly return flights, and the Perth to Singapore service will go from daily to 10 flights a week. A new schedule will be implemented gradually for flights starting in mid-April. It will run through late July. QATAR AIRWAYS The airline has announced that it will gradually increase flights from and to Doha to more than 120 destination by mid-May. SINGAPORE Airlines In response to increased demand, the carrier has added services on the Singapore-London Gatwick route and Singapore-Melbourne route from late March until the 24th of October. TURKISH AIRLINES Turkish Airlines has cancelled the majority of Middle East flights up until March 31. SunExpress, a joint venture between Lufthansa and SunExpress has cancelled flights from Dubai to Bahrain to April 30. WIZZ AIR Low-cost carrier has suspended all flights from Europe to Israel, Dubai, Abu Dhabi and Amman until the middle of September. All flights to Medina are suspended permanently. (Compiled by Josephine Mason and Jamie Freed. Elviira Louma, Tiago Branao, Agnieszka Olesnska, Bernadette HOG, Boleslaw LaSocki, Romolo Tosiani, and Tiago Brandao. Sumana Nady, Joe Bavier, and Mark Potter edited the book.
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Sources say that drone attacks are reducing exports and causing a reduction in Russian oil production.
Three industry sources told Reuters that a Russian oil production cut is imminent due to Ukraine's strike on pipelines, port infrastructure and refineries, which has reduced export capacity by a million barrels / day or 5% of the total, according to their report. The conflict in the Middle East has already caused unprecedented disruptions in oil supply. A reduction in output from Russia, the second largest exporter in the world, will add to this. Ukraine intensified its attacks over the past month on Russia's oil-export infrastructure. Ukraine's drone attacks are the most intense of its four-year-long war. They target the Baltic ports Ust-Luga, and Primorsk to weaken Russia’s economy. According to three sources in the industry, at least 20% of Russia’s total export capability is not working. This is down from 40% last March but enough to have an impact, they say, on Russian oil production. It's the third largest in the world after Saudi Arabia and the United States. Sources spoke on condition of anonymity because of 'the sensitive nature of the situation. OIL IS CHEKED INTO OIL PIPELINES Russia's main Baltic Ust-Luga oil port suspended exports last week after heavy drone attacks and fires. Sources said that as Ukrainian drones targeted?both domestic refineries and export infrastructure,' the Russian oil pipeline system was choked up with oil, and storage was filling. They said that some oilfields would have to reduce production to prevent further flooding of the system. Russia has benefitted from the rise in oil prices ever since U.S. and Israeli attacks on Iran began at the end of February, but cutting energy production would still hurt as oil and gas account for a quarter state budget revenues. Limited Pipeline Capacity Before the Baltic port attacks, Russia's capacity to export oil had already been squeezed. The Druzhba Pipeline, which supplies oil into Hungary and Slovakia since January, was suspended. Transneft, the state-controlled pipeline monopoly, pumps more than 80% (of Russia's) oil. Transneft, as well as the Russian energy ministry, did not respond to our requests for comment. Transneft informed exporters, according to sources, that Ust-Luga could not load oil to meet the initial exporting schedule because of recent damage. Transneft, according to one of the sources, was also unable import all oil from producers for export via Ust-Luga. According to the Organization of Petroleum Exporting Countries, Russian oil production was 9.184 million barrels a day in February. Source could not specify how much production might be reduced. The oil export loading schedule for the first half of April was not expected to be completed, but loading allocations for second half of month were still in place. RUSSIAN Production Faded Slightly Last Year According to Russian data, the Russian oil production fell only by 0.8% last year to?10,28 million bpd, which is around a 10th of global output. This was despite Western sanctions as well as Ukrainian drone attacks against refineries. Sources claim that the bottleneck at Ust-Luga is not just affecting Russian oil exports but also Kazakhstan. Kazakhstan exports between 200,000 and 400,000 metric tons of KEBCO crude oil per month via Ust-Luga. The sources stated that seasonal oil refinery maintenance in Russia is a major factor in the problem of excess oil in the Transneft System, as the excess grows when the refineries are processing less oil. In March and April, when Russia performs seasonal refinery maintenance work, it increases crude oil exports. But this time, refinery closures may result in more oil being stored. No official figures are available on the amount of storage space. According to one source, there is enough food for a few weeks but not months. Guy Faulconbridge, Barbara Lewis and Guy Faulconbridge (reporting)
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Czech government will cap fuel retailer's margins and lower excise taxes
Andrej Babis, the Prime Minister of Czech Republic, said on Thursday that the government had agreed to cap fuel retailer's margins and reduce excise tax to limit fuel prices rising. Other governments in central Europe have also taken measures to reduce the impact of fuel prices resulting from the conflict in the Middle East, and the rising price of oil. Babis said at a press conference that the "chaos", caused by the lack of coordination between the central European countries, was due to the fact they had adopted?various?measures in order to curb the fallout from energy crisis. He said that his government would'start price controls on April 8 by capping margins on gasoline and diesel at?2.50 Crowns ($0.12), and by lowering the tax on diesel from 9.95 Crowns per litre to 2.35 Crowns. He said that a'maximum price would be set each day under the system. Babis stated, "We believe this is a measure that will help everyone - citizens, businesses and the economy." Since the U.S.-Israeli strikes against Iran began on February 28, fuel prices have increased. Since the beginning of the conflict, the average price for gasoline per litre in the Czech Republic has increased by around 8 crowns to 41.60?crowns. CTK reported that diesel prices have risen around 15 crowns per litre to 48.33, citing data from fleet service provider CCS. The government has already taken the step of releasing 100,000 tonnes of crude oil from the state reserves to the sole refiner in the country, Orlen Unipetrol. Orlen and MOL, both of which are large fuel retailers with refinery systems in Hungary, have both a presence here. Central Europe has also been affected by an interruption in the supply of Russian oil to Slovakia and Hungary, due to an issue with the Druzhba Pipeline in Ukraine. Kyiv claimed that a Russian strike had damaged pipeline equipment.
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Defence Minister: Sweden will buy air defense systems for 8,7 billion crowns
The country's defense minister announced that Sweden will buy anti-drone and air defence systems worth $8.7 billion Swedish crowns from BAE Systems, Saab, and other companies. Sweden, along with most European countries is rushing to strengthen its defences in the wake of Russia's invasion of Ukraine. Military spending will reach 2.8% of GDP in 2026 and rise to 3.5% by 2030. Defense Minister Pal Jonson stated that the added capability will help expand Sweden's air defenses which at present are primarily focused on protecting military units. He said: "With this technology, we'll be able to better protect critical infrastructure such as airports, ports, rail hubs, and nuclear power plants, or population centers." The package includes an anti-drone called Gute II. This is a radar and cannon system that can either be mounted on the vehicle or on the ground. Jonson?added that these systems were tested in Ukraine on the battlefield and proved to be very effective against drones such as the Shahed models used by Russia?and Iran. In a separate announcement, Saab said that its part of the package was 2.6 billion crowns. This money would be used to purchase an anti-drone system designed to detect and neutralise small to medium drones flying at low altitudes. Jonson stated that the total package would also include ammunition and vehicles such as infantry mobility vehicles made by the?Finnish defence company Sisu. The first deliveries will be made in 2027 or 2028. Reporting by Johan Ahlander, Editing by Niklas pollard and Thomas Derpinghaus.
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Taiwan strengthens Pratas Islands' defences in response to China's increased pressure
The minister of Taiwan's Coastguard announced on Thursday that Taiwan will bolster its defenses around the Pratas, as China intensifies its activities aroudn the islands at the?top end of South -China Sea. Some security experts believe that the Pratas, which are located roughly between Hong Kong and southern Taiwan, are vulnerable to Chinese attacks due to their 400 km (250 mile) distance from mainland Taiwan. Taiwan's coastguard, not its military, is responsible for the protection of Pratas atoll, which is also Taiwanese National Park. China claims Taiwan and the Pratas as its own territory. Kuan Bi-ling is the head of Taiwan’s Ocean Affairs Council. She said that China was expanding its maritime areas where it carries out "grey zone harassing" – non-combat activities designed to pressure Taiwan, such as coastguards patrols. She said that since last year the number of Chinese government boats, including the coastguards, have increased around Pratas. Previously, activity was concentrated in the vicinity of 'Taiwan and the Kinmen Islands, which are close to the Chinese coastline. Strengthening Capabilities Kuan, who uses the same name for Pratas in both Taiwan and China, said: "From a strategic and political perspective, we found that capturing Dongsha could have a significant strategic importance for them." She told the Taiwan Foreign Correspondents' Club that Taiwan had renovated its wharf and would regularly send vessels there with greater operational capability. Kuan, without giving any details, said that "Dongsha" is a highly important and excellent site for developing an island defense system. The China Taiwan Affairs Office didn't immediately respond to an inquiry for comment. Taiwan reported in?January that a Chinese reconnaissance drone flew briefly over the Pratas. The Taiwanese defence ministry described this as a provocative and irresponsible move. Kuan claimed that China's campaign of pressure "let down people on both sides" of the Taiwan Strait, as it drains resources away from other things such as saving mariners who are in trouble. Taiwan's coastguard ships, such as its Anping-class corvettes, based on Tuo Chiang-class battleships, would be called into action in times of war. They have the space to mount anti-ship missiles. Kuan said that China also gives Taiwan the opportunity to learn. She said, "We are therefore accelerating our efforts in order to improve our capabilities and accelerate the transition from peacetime to wartime readiness."
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Walsh must repair IndiGo's reputation before driving global expansion
Willie Walsh's appointment as IndiGo CEO is expected to boost the Indian carrier's global expansion, but first the former British Airways chief must repair the airline’s damaged reputation. Walsh's Tuesday appointment as India's largest airline, which controls about 65% domestic flights, stunned the industry. This was after months of negative media and regulatory pressure following the cancellation of thousands of flights by the airline in December because of inadequate planning of pilot rest and duty regulations. IndiGo has entrusted the head of the International Air Transport Association to lead the airline after the worst crisis it has experienced in two decades. Walsh, who will take over in August, must address the operational mismanagement that led to regulatory warnings. Rajan Mehra said that repairing IndiGo's image won't be done overnight. "Given how they failed in December," he added. "But he's an experienced hand. He should be able?to do it." Walsh, 64 years old, described the airline industry as "a fight for survival". In his first role as CEO at Ireland's Aer Lingus, Walsh was known for clashing with unions while cutting costs. Joshua Ng of Alton Aviation Consultancy, a director, stated that he had overseen the transition from a short- and medium haul airline to a long-haul carrier. This experience will be very valuable for IndiGo. Analysts have said that IndiGo's decision to appoint Walsh shows its commitment to global expansion and strategic alliances. IndiGo's shares rose 6% on the day following the announcement. It had gained 11% in the previous year, but lost 22% so far this year. Walsh, who is also the CEO of BA's parent company International Airlines Group, will end his IATA tenure on July 31, and IndiGo anticipates that he will assume his new position by August 3. Email requests for comment were not answered by either IndiGo or Walsh. PAKISTAN AEROSCAPE BAN Walsh's job will include navigating the fallout from the animosity between India and Pakistan, as well as Israel's and the U.S. war against Iran. Pakistan barred Indian airlines from its airspace last year after India fired missiles at what ?it called terrorists in Pakistan-administered Kashmir. Indian airlines have been forced to divert flights to western destinations due to the ban, which has increased flight times and costs. The war in the Middle East has caused fuel prices to soar, complicating international expansion. In a client note, Jefferies analysts said that Walsh's "leadership of a multibrand airline group" could improve IndiGo's position in terms of partnerships, negotiations and policy engagement, as IndiGo builds a larger international footprint. IndiGo, under the previous CEO Pieter Elbers cemented its domestic leadership and expanded into other regions in Europe, placing orders for 60 Airbus Widebody aircraft as well as many long-range single aisle?jets. Kapil Kaul is the CEO of aviation consultancy CAPA India. He said that as IndiGo expands its international reach, it will need a new product and operational model. It may also require more senior executives to work under Walsh. IndiGo now flies to over 40 international destinations (up from 25 in 2022), and has about 440 aircraft. The airline expects to have its first Airbus A350 by 2028, one year later than originally planned.
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Parents desperate to keep their children away from social media ahead of Greek ban
Georgia Efstathiou, a Greek mother, has done everything she can to break the grip social media has over her son. She has had heart-to-heart conversations with him; he has been given internet-free days; and his phone has been confiscated. As she struggles to resist the lure of her son's screen, with its videos and messages, arguments flare up. Efstathiou could finally get the help she so desperately needs. The Greek government will likely announce in the next few days a ban on social media for children younger than 15. They'll join the ranks of other nations that are trying to protect young children against addiction and online abuse. We've reached our limits... We parents need help," said Efstathiou,?43, holding her son's mobile phone in her living room in Athens. We've reached the limit... We need help as parents," said Efstathiou (?43), holding her son's phone in her Athens living room. Efstathiou's not alone. A February poll conducted by ALCO showed that?80% of respondents approved of the ban. The government of Prime Minister KyriakosMitsotakis has already banned mobile phones from schools and established parental control platforms in order to limit teenagers' screen-time. The government declined to comment on whether or not the ban will be implemented, as well as when. Sources said that a formal announcement was pending. Mitsotakis said to a Greek Australian newspaper last month that Greece would move "in the same direction as Australia", where social networking companies were told to ban users under 16 in December or face fines. Worries of addiction and bullying are everywhere. As in other countries, Greece is facing a reckoning over social media platforms such as Meta's Instagram or TikTok, and online gaming platforms. George Kormas, the manager of the Greek Safer Internet Centre, in Athens said that between 2024-2025, the number of calls to the helpline, which provides support to children who have been victims to cyberbullying, more than doubled. Blackmailing minors, misinformation and hate speech are also complaints. According to data from the Helpline, 75% children in Greece who use social media are primary school age. He said, "This is undoubtedly worrying to us because they can't handle social media and protect themselves." Athanasios theocharis is the head of the National Organization for the Prevention and Treatment of Addictions. He said that 48% of teens have felt the negative effects of social media. He said that the ban could provide "a significant level of protection". KIDS CAN NOT IMAGINE LIFE WITHOUT SOCIAL MEDIA Parents who spoke expressed their fear that they have lost control over what their children are doing online, or were worried that the kids would find a way to circumvent the ban. Some people prefer that the government does not intervene at all. Dimitris said, "I would prefer to limit mobile phone usage within the family." "Where that is not possible, a complete ban may be the only option." Catherine, his 14-year old daughter, says that most teenagers of her age haven't known a life without social media. She told her father, "It's the way we have learned ever since we were children," before playing basketball near the Acropolis. "I'm able to control it, but I tend to get carried away." (Reporting and editing by Edward McAllister, Lincoln Feast and Louisa Gouliamaki from Athens. Additional reporting by Deborah Kyvrikosaios in Athens.
Shortsellers bet versus airline companies and banks, Hazeltree report says
Shortsellers had their sights on airlines in August, as pessimism towards a sector pestered by earnings declines and cost increases grows, a report by information and tech company Hazeltree on Wednesday revealed.
American Airlines Group, JetBlue, Wizz Air and British Airways owner International Consolidated Airlines Group all ranked in the top most crowded spots in the Hazeltree Shortside Crowdedness Report. Hazeltree puts together the report based on stock loaning data globally from about 700 asset management funds.
To bet on a falling stock rate, traders borrow the shares at a greater value to benefit when they purchase them back at a more affordable rate. The more 'crowded' a short bet, the greater percentage of funds that are shorting it, according to the Hazeltree report.
American Airlines took the leading most congested brief for U.S. mid-cap stocks, the Hazeltree data revealed, while JetBlue can be found in eighth of the U.S. small-cap stocks.
In Europe, British Airways' owner can be found in seventh for large-cap stocks and Wizz Air struck the leading most congested ranking for small-cap stocks, said the report.
American Airlines, JetBlue, Wizz Air, and International Consolidated Airlines Group did not right away respond to an emailed request for remark.
European airline company stocks have actually struggled this year as providers have faced a restricted supply of brand-new aircrafts and increasing labour costs.
Some investors and analysts state the airline industry, which is cyclical and carefully connected to macroeconomic trends, might be dealing with another decline as post-COVID travel need stabilizes and customers end up being more rate delicate.
Wizz Air has been kept in mind by analysts as one of the market's. worst entertainers as it deals with engine checks, grounding a number. of its Jet fleet, and challenges tied to clash in the. Middle East and Ukraine impacting its paths.
Traders likewise took bets against banks during August, said the. Hazeltree report, with Goldman Sachs the ninth most. crowded U.S. large cap stock for shortsellers.
Goldman Sachs decreased to comment.
A variety of speculators take brief bets from active property. supervisors to hedge funds.
While hedge funds were equally long and brief on sectors. such as industrials that includes airlines, they were short. banks in August, according to a separate report by Morgan. Stanley's prime brokerage which serves hedge funds.
European banks and insurer were one of the most. net offered stock sectors in August, showed the Morgan Stanley. report dated Sept. 5 and seen on Wednesday.
Hedge funds sold stocks internationally in August in the middle of continued. macro uncertainty and market volatility, stated the Morgan. Stanley report.
(source: Reuters)