Good morning from the Financial Times.
Today is Wednesday, July 15th, and this is your FT News Briefing.
British teenagers might be facing a social media curfew, and U.S.
Inflation actually cooled down last month.
Plus, Brussels wants to loosen regulations so that EU banks can catch up to overseas competitors.
But at what cost?
Opponents of these changes argue we should be really, really careful about undoing a framework
which has helped us withstand shocks from the growth financial crisis.
I'm Mark Filippino and here's the news you need to start your day.UK ministers
are unveiling new rules today that would put a midnight curfew on teen social media use.
That means anyone under the age of 18 would have to stop using platforms like Snapchat,
TikTok and YouTube after that time.
The rules would also put mandatory time limits on the use of AI and put restrictions on chatbots
that offer mental health advice for anyone under 18. Now,
this isn't the only social media restriction the UK is pursuing.
Last month, the government unveiled a full ban of social media for anyone
under 16. Ministers have clashed with big tech platforms over these plans.
Executives at the US groups argue that young people will also be restricted from valuable resources for learning
and communication with friends and family.
The first set of regulations will be submitted to Parliament by the end of this year.