Alphabet, the parent company of Google, has reported its latest financial earnings - and the investors aren't thrilled.

Shares reportedly dropped 7 percent after the company posted a slight miss in expected revenue.

Milford Asset Management's Stephanie Batchelor unpacked the market factors behind this drop.

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Air New Zealand has confirmed it is looking into developing a new luxury lounge for frequent flyers.

The airline is staying tight-lipped about what these plans entail - but the idea was floated during a presentation for investors during their Investor Day late last year.

Aviation commentator Irene King says Air New Zealand's existing lounges tend to crowd out during peak times - and the airline might be looking to address that.

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The Government is talking up the fact it’s exploring ways of making the tax system more business-friendly, with details of potential changes to be unveiled at the May 22 Budget.

Finance Minister Nicola Willis is wary that at 28 percent, New Zealand’s corporate tax rate is above the OECD average of 24 percent.

NZ Herald Wellington business editor Jenee Tibshraeny speculates what the Government might be planning ahead of this year's Budget.

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