NZ's top business leaders gathered in Auckland today, to discuss the latest Mood of the Boardroom survey. Anne Gibson talks to some of those attending.

Air New Zealand's latest inflight safety video. Source: Air New Zealand/YouTube

Prime Minister John Key talks about the New Zealand economy, immigration and the dairy industry.

In the latest of our rising stars of business series, business reporter Holly Ryan talks starting business at a young age, advice and business practice with Perceptive Research founder and chief executive Chris Pescott.

The Lexus Hoverboard technology features two “cryostats”—reservoirs in which superconducting material is kept at -197 degrees (-127.22 degrees celsius) through immersion in liquid nitrogen. The board is then placed above a track that contains permanent magnets. Dr. Oliver de Hass, evico CEO, said: “The magnetic field from the track is effectively ‘frozen’ into the superconductors in the board, maintaining the distance between the board and the track— essentially keeping the board hovering. This force is strong enough to allow the rider to stand and even jump on the board.”

Comments from Prime Minister Joh Key on the break-down of the talks and his confidence that a deal can still be done.

Award-winning New Zealand film maker Jane Campion has directed an ANZ short film highlighting gender pay inequality.

16 Aucklanders and 11 Wellingtonians queued up in 2015 to buy the first Apple Watches in the country. Video / Bradley Amberose

Facebook says it will begin test flights later this year of a solar-powered drone with the wingspan of a Boeing 737, the next stage of its campaign to deliver Internet service to remote parts of the world. Engineers at the giant social network say they've built a drone with a 140-foot wingspan that weighs less than 1,000 pounds. It will use lasers to send Internet signals to stations on the ground. Source: Mark Zuckerberg/Facebook

Prime Minister John Key talks about the economy in China.

The third biggest of the NZ telcos, 2degrees, has announced it's officially entering the broadband market today with the launch of its first consumer plans. It has published this corporate video outlining the move.

Young Guns: Snowball Effect co-founder Josh Daniell talks to business writer Christopher Adams about the growth of crowdfunding.

The Reserve Bank cut the Official Cash Rate by 25 basis points to 3 per cent this morning and banks quickly followed suit, cutting their own floating mortgage rates. New Zealand's biggest bank, the ANZ, cut its rates by 0.25 per cent to 6.24 per cent for its floating rate and 6.35 per cent for its flexible home loans. The new rates will take effect for new customers from Monday July 27 and for existing customers from August 10.

The 226-unit block is being promoted as on "the Nanjing Road of Auckland" and is due to rise on Real Groovy's Queen St site near Karangahape Rd.

In the latest of our rising stars of business series, Spark's Digital First general manager Anna Curzon speaks to Business Herald writer Holly Ryan.

Fonterra has cut 523 jobs as the company tries to reduce its payroll bill by up to $60 million a year. Business editor Liam Dann talks to Agriculture Editor Jamie Gray about today's announcement.

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.

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.

Stranded passengers wait for information on their flights.

Stranded passengers at Wellington Airport domestic terminal wait for information on their flights.

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.