In today's Mike's Minute - Taking on more refugees isn't the answer.

Today on Mike's Minute - Electing people to run hospitals is ridiculously fraught.

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.

Today on Mike's Minute - Americans have their heads in the sand over free trade.

Today on Mike's Minute - Forget about housing - the wider economy needed that rate cut.

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.

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.

Today on Mike's Minute - Is mental health the wrong place to start with social bonds?

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.

Today on Mike's Minute - The Labour and Greens arguing you can't possibly find work until your child is 5 is so condescending it's embarrassing

John Key gave a post-Budget address at a Trans-Tasman Business Circle function in Auckland, addressing questions about benefit increases. He says the increases were lost on protesters outside the meeting who he says were "protesting for the sake of it".

Labour leader Andrew Little says the party will consider means testing superannuation but he did not agree with increasing the age of eligibility despite concern about the rising costs. Speaking at a post Budget business breakfast, Mr Little accused the Government of recklessness for failing to address superannuation in the Budget, the rising cost of which he said was "terrifying."

Bill English, finance minister, answers questions about the 2015 budget.

Delta Air Lines has taken a leaf out of Air New Zealand's book in releasing a viral new in-flight safety video the airline has dubbed "the internetest safety video on the internet".

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".

Mr English has set aside $52 million in contingency funding to fund work with private sector developers to build affordable houses on under-utilised Crown land - Housing and Building Minister Nick Smith will begin meeting developers on May 29 to discuss potential partnerships. Mr English said it was likely that iwi would get first right of refusal on some of the land.

One of the Budget surprises was the introduction of a levy on travellers leaving and entering New Zealand to boost biosecurity funding by $100 million a year. The $6 for departing passengers and $16 for arriving passengers will be added to the cost of an airline ticket. The other Budget surprise was the axing of the $1000 kickstart payment for people when they sign up to Kiwisaver which is estimated to save $500 million over four years.

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.

Today on Mike's Minute - Expect the Government to start talking tax cuts today.

Finance minister Bill English talks about the 2015 budget.

It's not dairies' fault kids are fat, it's the parents. I'm astounded healthy authorities are trying to blame dairies for society's ills - Today on Mike's Minute.

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?