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‘Surrounded by a billion strangers’: The risks of your child’s first smartphone — and how to deal with them
Per Brad YoungMoney reporter
If your child is approaching secondary school, you could be preparing to spend hundreds of pounds on their first smartphone.
But choosing an expensive contract is just the first in a series of difficult decisions parents face as their children gain independence online.
While phones bring huge benefits in terms of connectivity and independence, they also expose children to risks ranging from accidentally running up bills to sexual exploitation and AI-driven bullying.
Sky News spoke to experts in the field about what trends parents should be aware of and what tools they can use to address them.
There are four categories of risks for children, according to Childnet, a UK-based charity for child online safety.
These are happysuch as pornography or gambling, contactsuch as grooming or cyberbullying, businesswhere children have accumulated huge bills by mistake, and conductwhich includes what information a child shares online.
The Internet Watch Foundation (IWF) has revealed “a really sharp increase in young people being sexually exploited and groomed online” without leaving their homes, said Kate Edwards, the charity’s associate head of child online safety.
This refers to incidents where a child is directed to participate in their own abuse, which may be filmed or photographed and shared.
Ms Edwards said young people had also reported cases of sextortion, where they had been “tricked into sharing a sexual image of themselves and then demanded a ransom” under threat of sharing the photograph.
The charity has received calls from children reporting that generative AI is being used to bully, groom or misdiagnose children, as well as calls raising concerns about pro-eating disorder or pro-suicide content.
“The age of onset of an eating disorder can be quite young… if it’s a similar age to when someone might get their first mobile phone, then it’s important for parents to be aware of the risks,” said Umairah Malik, clinical counselling coordinator at the UK’s leading eating disorders charity Beat.
The risk of developing an eating disorder is highest in children aged 13 to 17, the National Institute for Health and Care Excellence said.
Video content shared on social media is particularly difficult to regulate, with those that fixate on body image or what an influencer eats during the day causing disordered behavior among vulnerable viewers.
“We gave him a loaded gun”
Social media played a role in the murder of Amanda Stephens’s son Olly, 13, who was lured to a field near his home in Reading and stabbed to death in 2021 following an online dispute.
Ms Stephens now believes the risks posed by smartphones are too great for children to have one.
“Looking back, I felt almost proud when we gave Olly his first phone. Now I feel like we gave him a loaded gun,” she said.
“He was exposed to horrific violence, threats and intimidation, all under our roof.”
During the trial of two 14-year-old boys and a 13-year-old girl, Ms Stephens said she found there was little oversight on social media about violent language or sharing images of knives.
“In the safety of their home, they are surrounded by a billion strangers.”
She is not alone in favour of a blanket ban: the House of Commons Education Committee has advised the government to consider legislating against mobile phones for under-16s.
Phone ownership is now almost universal among 12-year-olds, according to Ofcom.
But there are tools parents can use.
“There are many tools available to help you. I know it can be very scary to hear about all these risks,” Ms Edwards said.
“What’s important to note is that while there are all these risks, it doesn’t mean that every child who uses a smartphone will encounter these risks and that there are only risks to using this technology. There are also many benefits.”
What can parents do to increase safety?
Ms Edwards said parents should have open conversations with their children, working with them to decide on restrictions and breaking down barriers of authority between parents and children.
And whatever rules are in place, the most important thing is to “let your child know that their safety comes before any rules.”
A common issue raised by children via Childline is online harm or abuse when breaking a family rule – such as using a device at night. Children were therefore scared of getting into trouble so did not speak up, she said.
Ms Edwards said parents can contact their mobile phone provider and let them know the phone is their child’s, and they will put additional barriers in place, including content or spending blocks.
At home, internet service providers offer tools to set limits on what can be accessed via WiFi.
Childnet International CEO Will Gardener highlighted Apple’s Family Sharing account and Google’s Family Link, which connect a child’s phone to a parent’s, allowing some control over downtime, such as turning off certain apps at specific times.
They can also be used to approve payments, secure requests for app downloads, and monitor usage.
The apps also have their own security mechanisms, Ms. Edwards said, including whether anyone can contact or share information about her child, or whether she can play with others.
Parents and children should also be aware of what support mechanisms are available.
The NSCC security center has more information on how to keep children safe online, while its partnership with Vodaphone has produced a toolkit to think about your child’s first phone.
Children can confidentially report sexual images or videos to Childline and IWF Report Removewho will work to remove them from the internet.
Any adult concerned about a child’s safety or wellbeing can contact the NSPCC helpline at help@nspcc.org.uk or by calling 0808 800 5000. Children can contact Childline on 0800 1111 or childline.org.uk.
If you are concerned about your health or that of someone else, please contact Beat on 0808 801 0677 or via the website beateatingdisorders.org.uk.
Anyone who is feeling emotionally distressed or suicidal can call the Samaritans for help on 116 123 or email jo@samaritans.org in the UK.
The spotlight next week will shift somewhat to the Federal Reserve’s second-quarter earnings season and monetary policy. Market watchers will be treated to results from several major names, including Dow 30 components Goldman Sachs (GS), UnitedHealth (UNH), Johnson & Johnson (JNJ) and American Express (AXP), along with streaming giant Netflix (NFLX).
The Fed will still attract some attention as investors will be eager to hear from a packed lineup of central bank speakers just before the policy meeting lockout period.
In terms of the economic calendar, after fifteen days of labor market and inflation indicators, activity data will gain momentum in the form of the latest retail sales and industrial production reports.
Earnings Highlight: Monday, July 15 – Goldman Sachs (GS) and BlackRock (Black). See the full earnings calendar.
Earnings Highlight: Tuesday, July 16 – UnitedHealth (UNH), Bank of America (BAC), Progressive (PGR), Morgan Stanley (IN), PNC Financial (PNC) and JB Hunt Transport (JBHT). See the full earnings calendar.
Earnings Highlight: Wednesday, July 17 – Johnson & Johnson (JNJ), US Bancorp (USB), Morgan Children (KMI), United Airlines (UAL) and Ally Financial (ALLY). See the full earnings calendar.
Earnings Highlight: Thursday, July 18 – Netflix (NFLX), Abbott Laboratories (ABT), Black stone (BX), Domino’s pizza (ZDP) and Taiwan Semiconductor Manufacturing (TSM). See the full earnings calendar.
Earnings Highlight: Friday, July 19 – American Express (AXP), Halliburton (THANKS) and Travelers (VRT (return to recoverable value)) See the full earnings calendar.
IPO Observation: Hospital and healthcare clinic operator Ardent Health Partners (TARDT), insurance service provider Twfg (TWFG) and the biotechnology company Lirum Therapeutics (LRTX) are expected to price their IPOs and begin trading next week. The analyst quiet period ends at Rectitude (RECT) to free up analysts to publish ratings.
Police cars outside the residence of Thomas Matthew Crooks, the suspected shooter at a Trump rally on Saturday, investigate the area in Pennsylvania. Following the incident, one rally attendee was killed, two rally attendees are in critical condition and Donald Trump suffered a non-fatal gunshot wound. The shooter is dead after being shot dead by the United States Secret Service. (Photo by Kyle Mazza/Anadolu via Getty Images)
Investors will initially favor traditional safe-haven assets and may lean toward trades more closely tied to former President Donald Trump’s chances of winning the White House after he survived an assassination attempt, according to market watchers.
“There will undoubtedly be some protectionist or safe-haven flows into Asia early this morning,” said Nick Twidale, chief market analyst at ATFX Global Markets. “I suspect gold could test all-time highs, we’ll see the yen being bought and the dollar, and flows into Treasuries as well.”
Early market commentary suggested Trump’s shooting at a rally in Pennsylvania on Saturday could also prompt traders to increase his likelihood of success in the November election. His support for looser fiscal policy and higher tariffs is generally seen as likely to benefit the dollar and weaken Treasuries.
An indicator of market sentiment heading into the weekend: Bitcoin surged above $60,000, likely reflecting Trump’s pro-crypto stance.
Other assets positively linked to the so-called Trump trade include stocks of energy companies, private prisons, credit card companies and health insurers.
Traders will also be closely watching market measures of expected volatility on Monday, such as those in the tariff-sensitive Chinese yuan and Mexican peso, which have begun to price in the U.S. vote.
Trump said he was shot in the right ear after a shooting at his rally. His campaign said in a statement that he was “fine” after the incident, which prompted him to rush off the stage.
“Currencies will be the first major market on Monday in Asia to react to the weekend’s shots. There’s potential for extra volatility, and getting a clear reading could be especially difficult because liquidity will be hurt by Japan’s national holiday,” said Garfield Reynolds, Asia team leader for Bloomberg Markets Live.
Strategists had already expected a volatile run-up to the election, particularly as Democrats are still agonizing over President Joe Biden’s candidacy after his poor performance in last month’s debate raised questions about his age. Investors were also grappling with the possibility that the election could end in a drawn-out dispute or political violence.
But there is little precedent for events like those in Pennsylvania. When President Ronald Reagan was shot four decades ago, the stock market plunged before closing early. The next day, March 31, 1981, the S&P 500 rose more than 1% and benchmark 10-year Treasury yields fell 9 basis points to 13.13%, according to data compiled by Bloomberg.
Bond investors should pay particular attention as the attack is likely to boost Trump’s election chances and ultimately lead to concerns about the fiscal outlook, according to Marko Papic, chief strategist at California-based BCA Research Inc.
“The bond market must at some point become aware of President Trump’s greater chances of winning the White House than any of his rivals,” Papic wrote. “And I continue to believe that as his chances increase, so too must the likelihood of a bond market revolt.”
Kyle Rodda, senior financial markets analyst at Capital.com, said he was seeing client flows into Bitcoin and gold following the shooting.
“This news marks a turning point in American policy norms,” he said. “For markets, it means safe-haven trades, but more tilted toward non-traditional safe-havens.”
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Latest news on July 11, 2024: Airtel says its new Xstream Fiber plans bundle over 350 live TV channels (Official Photo) (Reuters) Disclaimer: This is an AI-generated live blog and has not been edited by Hindustan Times staff.
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Jio Financial share price: Should you buy this Reliance group stock on Monday ahead of Q1 FY2024 results?
Q1 2024 Results: Jio Financial Share Price will be in focus on Monday as the Reliance Group company has a fixed board meeting on July 15, 2024 to consider and approve the company’s unaudited standalone and consolidated financial results. Trust Group company informed about the Q1 2024 Results date on Wednesday last week via an exchange filing. According to stock market experts, Jio Financial Services Limited is poised to deliver impressive Q1 results for FY25 on solid operating income. They have forecast a healthy QoQ PAT for the company in Q1 FY25.
Jio Financial Services News
Speaking on the Jio Financial Services Q1 2024 results, Manish Chowdhury, Head of Research, StoxBox, said, “We believe Jio Financial Services is poised to deliver impressive results in Q1FY25 aided by its operating income, which is likely to show robust growth driven by strong investment income, which in turn should lead to healthy PAT growth on a sequential basis. Jio Financial Services continues to make strategic moves such as launching digital products and expanding its ecosystem, with a clear focus on future growth. The company has announced plans to introduce products for lending against stocks and mutual funds, leveraging Jio’s large user base, which could be a significant growth driver in the coming quarters.”
“Furthermore, with the NBFC receiving RBI approval to become a primary investment company, Jio Financial Services is well-positioned to unlock value from its investments. Overall, we expect the company to report robust numbers in the upcoming quarter,” the StoxBox expert added.
Jio Financial Stock Target Price
Speaking about the technical outlook of Jio Financial share price, Ganesh Dongre, Senior Manager, Technical Research at Anand Rathi, said, “Jio Financial Services share price is poised to make a fresh high at the ₹260 apiece level. If the stock breaks above this mark, the Reliance Group stock could make a fresh high by touching the ₹290-₹295 zone. Hence, those with Jio Finance stock in their portfolio are advised to stick to the script by keeping a stop loss at ₹205. If the stock breaks above ₹260 decisively, then one can upgrade the stop loss at ₹240 for the near-term target of ₹295.”
On the advice to new buyers regarding Jio Financial stock, Ganesh Dongre said, “New buyers are advised to wait for the breakout. Once the stock breaks above ₹260, one can buy this Reliance Group stock at the short term target of ₹295, keeping a stop loss of ₹240 apiece.”
Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms, and not of Mint. Investors are advised to consult with certified experts before making any investment decisions.
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