Bolt launches in Auckland against Uber and DiDi, promises ‘lower fares than the incumbent'
European ride-hailing firm Bolt is launching in Auckland today, with plans to expand around the country in direct competition with Uber and DiDi.
Dynamic pricing makes direct comparisons between ride-sharing services tricky.
But Bolt New Zealand country manager Adam Muirson says: 'While we can't control the pricing or response
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16 hours ago
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Gender Gap Closes At Fastest Rate Since Pandemic
The global gender gap has closed to 68.8%, led by economic and political advances – yet progress is still behind pre-pandemic pace, with full parity an estimated 123 years away. Women outpace men in higher education but only 28.8 % reach senior leadership, a missed opportunity for greater economic resilience and growth amid global uncertainty. Political empowerment sees strongest gains, yet with only 22.9% of the global gap closed to date it remains the biggest barrier to progress on parity worldwide. Geneva, Switzerland, 12 June 2025 – The global gender gap has closed to 68.8%, marking the strongest annual advancement since the COVID-19 pandemic. Yet full parity remains 123 years away at current rates, according to the World Economic Forum's Global Gender Gap Report 2025, released today. Iceland leads the rankings for the 16th year running, followed by Finland, Norway, the United Kingdom and New Zealand. The 19th edition of the report, which covers 148 economies, reveals both encouraging momentum and persistent structural barriers facing women worldwide. The progress made in this edition was driven primarily by significant strides in political empowerment and economic participation, while educational attainment and health and survival maintained near-parity levels above 95%. However, despite women representing 41.2% of the global workforce, a stark leadership gap persists with women holding only 28.8% of top leadership positions. 'At a time of heightened global economic uncertainty and a low growth outlook combined with technological and demographic change, advancing gender parity represents a key force for economic renewal," said Saadia Zahidi, Managing Director, World Economic Forum. "The evidence is clear. Economies that have made decisive progress towards parity are positioning themselves for stronger, more innovative and more resilient economic progress.' Top 10 Rankings Iceland maintains its position as the world's most gender-equal economy for the 16th consecutive year, with 92.6% of its gender gap closed – the only economy to surpass 90% parity. Finland (87.9%), Norway (86.3%), the UK (83.8%) and New Zealand (82.7%) round out the top five positions. All top 10 economies have closed at least 80% of their gender gaps, the only economies to achieve this milestone. European nations dominate the top 10 rankings with eight positions - Iceland, Finland, Norway and Sweden have maintained top 10 status since 2006. Gender Parity and Economic Progress The index looks only at gender gaps in outcomes and not at the overall levels of resources and opportunities in a country. It finds a slight correlation between the current income levels of the countries covered and their gender gaps, with richer economies being slightly more gender equal. At the aggregate level, high-income economies have closed 74.3% of their gender gap - slightly higher than the averages observed in lower income groups: 69.6% among upper-middle income, 66.0% among lower-middle-income and 66.4% among low-income economies. Yet, the correlation is low and does not indicate causation. Top performers among the three lower income groups have closed a greater share of their gender gaps than over half of the economies in the high-income group. While resources matter, it is not richer countries alone that can afford to invest in gender parity - economies can integrate parity into their growth strategies at all levels of development. Historically, those who have done well at developing and integrating their full human capital tend to have more sustainable and prosperous economies as a result. Leveraging the full base of talent and diverse ideas in an economy can unlock creativity and drive innovation, growth and productivity. Regional Leaders Northern America leads the world with a gender parity score of 75.8%, showing particularly strong performance in economic participation and opportunity (76.1%) where it leads all regions. The region has made significant progress in political empowerment since 2006, narrowing its political parity gap by 19.3 percentage points. Europe ranks second with a gender parity score of 75.1%, having closed 6.3 percentage points of its overall gap since 2006. The region has particularly strong performance in political empowerment (35.4%) where it ranks highest globally. European economies continue to lead the overall rankings, occupying eight of the top 10 positions. Latin America and the Caribbean stands out as the region with the fastest rate of progress, ranking third with a score of 74.5% and having advanced 8.6 percentage points since 2006 – making the greatest overall progress of all regions. This regional success demonstrates that rapid progress is achievable with focused policy interventions, offering a model for economic acceleration through gender parity. Central Asia places fourth with a score of 69.8%. Armenia (73.1%) and Georgia (72.9%) are the region's top performers, each closing more than 70% of their gender gaps and leading regional progress in economic participation and educational attainment. Eastern Asia and the Pacific ranks fifth with a score of 69.4%, achieving the second-highest regional score for economic participation and opportunity at 71.6%. New Zealand (82.7%), Australia (79.2%) and the Philippines (78.1%) are the top performers in the region, with New Zealand the only economy from the region in the global top 10. Sub-Saharan Africa ranks sixth with a score of 68.0%. The region displays wide variation across countries, yet its success stories demonstrate that progress is possible in all economic contexts. The region has made significant progress in political empowerment, with women now holding 40.2% of ministerial roles and 37.7% of parliamentary seats. Southern Asia ranks seventh with a score of 64.6%. Bangladesh (77.5%) is the region's top performer, and the only Southern Asian economy in the global top 50. Significant improvements in educational attainment since 2006 are creating a foundation for future economic gains. Middle East and Northern Africa ranks eighth with a score of 61.7%. However, the region has shown considerable improvement in political empowerment since 2006, with the regional average more than tripling and gaining 8.3 percentage points in this dimension. Economic Imperatives for Acceleration – Amid New Risks Based on the collective speed of progress of 100 economies covered continuously since 2006, it will take 123 years to reach full parity globally – an 11-year improvement from last edition's estimate but still falling more than a century short of the Sustainable Development Goals. However, the fastest-moving economies demonstrate that rapid acceleration is possible when gender parity becomes a national priority. The economies that proved most successful at bridging their gender gaps across each income group respectively are Saudi Arabia, Mexico and Ecuador, Bangladesh and Ethiopia. Political empowerment has seen the most improvement overall, with the gap narrowing by 9.0 percentage points since 2006, yet at the current pace it will still take 162 years to fully close this gap. Economic participation and opportunity has gained 5.6 percentage points over time, with economic parity projected to take 135 years at current rates. Both technological transformation as well as geoeconomic fragmentation create new risks that could reverse the economic gains made by women in recent decades. Women in lower- and middle-income economies in particular moved into formal and better remunerated employment in export sectors in recent years. These roles could be at risk in the face of potential trade contractions. As evidenced by the COVID-19 emergency, while both men and women suffer under trade shocks, effects for women tend to last longer and are harder to reverse, exacerbating pre-existing disparities in earnings, assets and wealth. It will therefore be important to keep the gendered job and wage impacts of trade fragmentation and its effects on growth and prosperity at the forefront as trade policy evolves in 2025. Workforce Transformation Reveals Massive Untapped Potential Educational attainment is rising, but its economic return remains uneven. Women outpace men in higher education, but their presence in senior leadership stagnates as education levels rise - even the most educated women represent less than one third of top managers. This underutilisation of human capital represents both a systemic inefficiency and a missed economic opportunity. 'Women's progress in leadership continues to decline. As the global economy transforms, AI accelerates, and countries look to combat stagnating growth, this leadership gap should set alarm bells ringing,' said Sue Duke, Global Head of Public Policy, LinkedIn. 'The varied experience and uniquely human skills that women bring to the leadership table are essential to unlocking the full promise of an AI-powered economy, yet are being overlooked at exactly the moment they are needed most." The path to leadership is less and less linear for workers overall, but especially for women. LinkedIn data reveals that it is now over twice as common for leaders to have worked in at least two different industries, functions or companies - suggesting both greater adaptability and potential barriers to linear advancement within single sectors. Career breaks are at the heart of this dynamic, with women being 55.2% more likely to take them than men. Women also spend on average half a year more than men away from work, with caregiving responsibilities driving most of these interruptions. This shift from rigid career ladders reflects the reality of modern work patterns, where lateral moves, sector transitions and re-entry after breaks are becoming the norm rather than the exception. About the Global Gender Gap Report The Global Gender Gap Report, now in its 19th edition, benchmarks gender-based gaps in economic participation, educational attainment, health and survival, and political empowerment. As the longest-standing index tracking progress since 2006, it provides comprehensive analysis of developments in 148 economies representing over two-thirds of the world's population. The report integrates the latest internationally comparable statistics from organizations such as the International Labour Organization, UNESCO, UN Women, World Bank, and the World Health Organization, as well as data from the World Bank's Women, Business and the Law dataset and LinkedIn's Economic Graph. While the 2025 edition analyses data collected primarily for the year 2024, the report also tracks trends over time using a constant sample of 100 economies included in every edition since 2006, allowing for robust long-term comparisons. The report supports the Global Gender Parity Sprint to 2030, a World Economic Forum platform that mobilises a coalition of businesses, governments, and international organizations to accelerate progress on economic gender parity.
Scoop
a day ago
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Vienna Woods Expands Range Of Reclaimed And European Oak Flooring In Auckland
Vienna Woods, a supplier of premium timber flooring in New Zealand, has expanded its offering of reclaimed and European oak flooring solutions for residential and commercial projects in Auckland and nationwide. The company's reclaimed wood flooring range includes aged, vintage-effect, and recycled timber products. These options are designed to provide a distinctive appearance, featuring natural imperfections and textures that reflect the timber's previous use and history. The reclaimed collection includes engineered 3-ply and multi-ply boards, suitable for a variety of interior applications. Vienna Woods sources its products from European manufacturers with a focus on sustainability and certified forestry practices. The reclaimed flooring options, which include oak and pine, are intended to meet the needs of clients seeking both environmental responsibility and unique design features. The company notes that these floors are suited to both new builds and renovations where character and durability are priorities. In addition to reclaimed products, Vienna Woods supplies European oak flooring in Auckland, offering a selection of engineered timber floors crafted to European standards. These products are available in a range of tones, finishes, and patterns, including herringbone and chevron designs. The company provides both supply-only and installation services within Auckland, with delivery options available throughout New Zealand. Vienna Woods reports increasing demand for sustainable and character-rich flooring solutions in both residential and commercial sectors. The company's expanded product line aims to address this trend by providing options that combine heritage aesthetics with modern engineering and environmental considerations. For more information about Vienna Woods' reclaimed and European oak flooring ranges, visit the company's website.
Techday NZ
2 days ago
- Techday NZ
Milestone launches Project Hafnia for AI-driven city management
Milestone has commenced its Project Hafnia to develop AI-driven solutions for urban infrastructure and traffic management, with the first city being Genoa in Italy. The initiative is aimed at improving city operations by harnessing computer vision technologies, using high-quality video data that adheres to European regulatory frameworks, including GDPR and the AI Act. Video data used for the project is trained with NVIDIA's NeMo Curator on NVIDIA DGX Cloud. Collaboration and compliance Milestone is among the first companies to utilise the new NVIDIA Omniverse Blueprint for Smart City AI—a framework designed for optimising city operations through digital twins and AI agents. The company is also enhancing its data platform by generating synthetic video data via NVIDIA Cosmos, which processes real-world inputs. This combination of real and synthetic video data is used to build and train Vision Language Models (VLMs) in a manner that the company states is responsible and regulation-compliant. European cloud provider Nebius will supply the GPU compute for training these models, which is an element in keeping data processing anchored within European borders and compliant with regional data protection regulations. The application of AI within Project Hafnia spans smart traffic and transportation management, as well as improvements in safety and security for cities. VLMs establish connections between textual data and visual information from images or videos, enabling AI models to generate insights and summaries from visual sources. These efforts, the company asserts, are based upon regulatory integrity, data diversity, and relevance to European legal frameworks. "I'm proud that with Project Hafnia we are introducing the world's first platform to meet the EU's regulatory standards, powered by NVIDIA technology. With Nebius as our European cloud provider, we can now enable compliant, high-quality video data for training vision AI models — fully anchored in Europe. This marks an important step forward in supporting the EU's commitment to transparency, fairness, and regulatory oversight in AI and technology — the foundation for responsible AI innovation," says Thomas Jensen, CEO of Milestone. Genoa as a first Project Hafnia's first European service offering consists of a Visual Language Model specifically for transportation management, drawing on transportation data sourced from Genoa. The model is powered by NVIDIA technology and has been trained on data that is both responsibly sourced and compliant with applicable regulations. "AI is achieving extraordinary results, unthinkable until recently, and the research in the area is in constant development. We enthusiastically joined forces with Project Hafnia to allow developers to access fundamental video data for training new Vision AI models. This data-driven approach is a key principle in the Three-Year Plan for Information Technology, aiming to promote digital transformation in Italy and particularly within the Italian Public Administration," says Andrea Sinisi, Information Systems Officer, City of Genoa. The structure of Project Hafnia's collaborations allows for scalability, as the framework is designed to operate across multiple domains and data types. The compliant datasets and the fine-tuned VLMs will be supplied to participating cities via a controlled access licence model, supporting the region's AI ambitions within ethical standards. Role of Nebius Nebius has been selected as Project Hafnia's European cloud provider. The company operates EU-based data centres, facilitating digital sovereignty objectives and ensuring that sensitive public sector data remains within the jurisdiction of European data protection laws. "Project Hafnia is exactly the kind of real-world, AI-at-scale challenge Nebius was built for," says Roman Chernin, Chief Business Officer of Nebius."Supporting AI development today requires infrastructure engineered for high-throughput, high-resilience workloads, with precise control over where data lives and how it's handled. From our EU-based data centers to our deep integration with NVIDIA's AI stack, we've built a platform that meets the highest standards for performance, privacy and transparency." Project Hafnia data platform Project Hafnia acts as what Milestone refers to as a 'trusted librarian' of AI-ready video data, with the platform curating, tagging, and delivering video data that is described as ethically sourced and regulation-ready for AI model training. The emphasis is placed on maintaining precision, compliance, and citizen privacy throughout the process. According to Milestone, its network of customers, distributors, and technology partners enables the company to organise a comprehensive video data ecosystem that advances the development of AI in video analytics. Project Hafnia is positioned as a resource that companies can use to build AI models while meeting compliance and quality standards. The project will make both the compliant dataset and the fine-tuned Visual Language Model available to participating cities on a controlled basis as part of its effort to support AI development across Europe.
