Young Guns: Rising stars of business Xero’s NZ sales director Ben Richmond talks to Holly Ryan.

With pressure on land, Auckland Council’s new study shows a “gap” in housing stock: more suburban terraced housing, townhouses and apartments are needed.

Take a look inside an Auckland auction and get a few tips on what you can do to win that very tense and very public bidding war.

Highlights from the PwC Heraldtalks event held on Wednesday.

Liam Dann talks Financial Markets Authority chief executive Rob Everett about how the industry is coping with new regulation and how he would like to see it respond to the issues raised by the Milford Asset Management Settlement.

See this Rocket Lab- supplied video showing its plans for a new launch pad site it wants to build at Birdling's Flat near Canterbury.

Watch a Housing NZ-supplied video outlining its development of Daventry Street - in the Auckland suburb of Waterview.

Watch as four new, million dollar homes are lifted into place on a Devonport site over just one weekend.

Watch this aerial view of four new, million dollar homes are lifted into place on a Devonport site over just one weekend.

The bosses of New Zealand's biggest companies enjoyed an average pay rise of 10 per cent last year, their biggest bump since 2010. The increase for those at the top dwarfs the 3 per cent of growth for the average wage and salary earner in the year to June 2014.

In Germany near Leipzig, 120 electric i-cars a day are rolling off BMW's production line to meet hot demand around the world. Video supplied by BMW.

Boeing’s expert crew rehearse the 787-9 Dreamliner flying display that will be performed at the 2015 Paris Air Show. Source: Boeing/Youtube

The Reserve Bank cut the benchmark rate a quarter-point and signalled more may be on the way as the dairy sector's weak outlook weighed on the nation's terms of trade and threatened to delay an increase in inflation from its near-zero level. New Zealand Herald's Economics Editor, Brian Fallow, analyses the decision. The New Zealand dollar tumbled. Governor Graeme Wheeler lowered the official cash rate to 3.25 percent, in a closely watched decision where markets were largely split on whether he would cut rates now or later, saying a more pronounced slump in export prices than expected and the prospect of waning consumer demand on increasing petrol prices threatened to keep a lid on already low inflation.

The Reserve Bank has this morning cut the benchmark rate a quarter-point and signalled more may be on the way as the dairy sector's weak outlook weighed on the nation's terms of trade and threatened to delay an increase in inflation from its near-zero level. The New Zealand dollar dropped almost a cent.

Apple declared war on Spotify, Tidal and Pandora, as it unveiled its new music streaming service. Apple Music, available to users of iPhones and iPads on June 30 in 100 countries, includes a radio station with personalized playlists and a choice from millions of songs on demand. Tim Cook described Apple's new service as "the next chapter in music". It will include Beats 1, a 24-hour radio station featuring Kiwi DJ and former Radio 1 presenter Zane Lowe. The company is billing it as "all the ways you love music in one place". Source: Apple/Youtube

Kiwifruit exporter Zespri has just announced a marketing partnership with McDonald's in Mexico. For this month, every children's 'Happy Meal' sold will contain a kiwifruit.

Sick of filling their office rubbish bin with used sushi containers, a group of Auckland entrepreneurs have designed a reusable, collapsible sushi container.

As with many big jobs, this one started out small. Auckland’s Mitchell & Stout Architects was only initially asked to upgrade Titirangi’s historic ex-hotel Lopdell House, expanding its existing art gallery and redesigning its basement theatre. Work was really planned to focus on a single building. But that would never have worked.

John Campbell will leave Campbell Live, with a new current affairs show continuing in his time slot four days a week, with two presenters. Campbell has rejected the chance to co-host a revamped version of his television show and quit MediaWorks, the company says.

Prime Minister John Key said 500,000 New Zealand children would benefit from the Budget in some way and said he was proud to lead a party that was the first to lift benefits in 40 years. He said it was "compassionate conservatism and I'm proud of it". He said he had told New Zealanders on election night he intended "to govern for all New Zealanders".

Beneficiary families and low-income working families will get a boost of up to $25 a week as part of a child hardship package which is the centre-piece of Bill English's seventh Budget. It is the first increase in core benefits, apart from inflations adjustments, since 1972 and will affect 110,000 families.

Brian Fallow, economics editor for NZ Herald on the 2015 budget.

Prime Minister John Key talks about the rising house prices in Auckland.

Prime Minister John Key outlines the 2015 budget. He says that the budget "will be about sticking to a plan that's working for New Zealand".

Today on Mike's Minute - Of course it's a Capital Gains Tax - but is it the answer?

Rob McLeod, chairman of EY New Zealand takes a looks at what this week's Budget should cover.

Deloitte NZ chief executive Thomas Pippos talks to Herald Business Editor Liam Dann about this week's Budget - what he'd like to see in it - and what he expects will really be in it.

In the latest in our Budget 2015 video series, we hear from Devon Funds Management's Paul Glass

100% Pure New Zealand's latest TV commercial showcasing New Zealand and a different experience around every corner.

The story of how Tourism New Zealand has evolved the 100% Pure New Zealand identity to more uniquely represent our place, New Zealand. The idea was to draw from a rich history of New Zealand design and visual expression. Our renewed identity demonstrates the embrace of people, culture and landscapes which is at the heart of the New Zealand travel experience. Supplied video.