Panama papers

Govt accepts foreign trusts plan video

Tax expert John Shewan has called for a shake up of New Zealand's laws around foreign trusts.

John Key accepts foreign trust rules need a radical overhaul following warnings not enough's being done to counter money laundering.

Judgment day for trusts video

The foreign trust inquiry by John Shewan has helped the Government save face.

NZ's foreign trust regime is a good little earner for some, but time may be running out.

Mossack Fonseca staffer held

Geneva prosecutors led a police raid of Mossack Fonseca's local office in which computer equipment was seized.

Computer specialist at the Panama law firm is taken into custody over huge leak.

Pedro Almodovar's Julieta video

Director Pedro Almodovar leaves the Juliet' premier.

"If the Panama Papers were a film," the acclaimed Spanish director said, "we wouldn't even be credited as extras."

Greens donor in Panama Papers

Forbes Elworthy donated $15,000 to the Green Party in 2011 during the election campaign.

A wealthy Kiwi who gave the Greens $15,000 has been listed in the documents leaks.

World

NZ in Ikea recall video

Kiwi consumers have been caught up in Ikea's recall on dressers that may fall on children.

The Warehouse contacts Kiwi customers who bought furniture recalled after deaths of 6 children.

Brexit-free lunch? Probably not stuff nation

Boris Johnson says Britain can retain single-market benefits rejecting other EU rules.

OPINION: Boris Johnson says Britain can retain single-market benefits while rejecting other EU rules. It's not that simple.

New dad bullied into suicide video

Kerensa Walsh, widow of young father Brenton Walsh.

Brenton Walsh showered and made some coffee. Then he went to work. But something was amiss.

Brexit: Take the long view

Protesters gather to demostrate against the EU referendum result in Trafalgar Square in London, England.

OPINION: We all know markets hate uncertainty, and we saw just how much in emotional technicolour.

Airbnb seeks $42b valuation

The new funding would make Airbnb the second highest valued startup in the US.

The new fundraising agreement would make it the second highest valued startup in the US.

Wall St licks its wounds

Financials and tech stocks were hard hit after the Brexit vote but recovered well.

Markets around the world recovered after global equity markets shed US$3 trillion post-Brexit.

World's largest uncut diamond to be sold video

A model shows off the 1109-carat "Lesedi La Rona", the largest gem quality rough diamond discovered in more than 100 years.

The "tennis-ball sized" stone is to go under the hammer at a public auction, in a break from tradition.

Britons clamour for Irish passports

Northern Ireland voted in favour of remaining in the EU, but the UK as a whole chose to leave.

Britons are so desperate to cling onto EU citizenship, they've cleaned post offices out of Irish passport forms.

Italy plans $75b bank rescue

French President Francois Hollande, left, German Chancellor Angela Merkel and Italian Prime Minister Matteo Renzi speak ...

Shares have collapsed on the Milan market as Brexit aftershocks shake Europe.

Jack Daniels finally reveals its secret

Jack Daniels

After 150 years, whiskey maker admits that a US slave was behind its fabled recipe.

Brexit: Why sharemarkets plunged

What started out as a vote by some angry people in England has rapidly become a global economic event.

Brexit has unleashed a kind of contagion which was last seen during the financial crisis of 2008.

VW to make record $21b payout

A Volkswagen logo is pictured at Volkswagen's headquarters in Wolfsburg, Germany, April 22, 2016. REUTERS/Hannibal ...

Volkswagen settles its emissions cheating scandal case with the highest compensation by a carmaker in US history.

Global markets continue to tumble

European stocks took a beating for a second day, down 3.7 per cent.

Britain's shock vote to leave the EU roils global markets for a second day, hammering US and European banks.

S&P downgrades UK after Brexit

Standard & Poor's downgraded Britain from AAA to AA.

Ratings agency Standard & Poor's strips Britain of its top credit rating as the pound and shares tumble.

Pound slides to 31-year low

The pound dropped to a 31-year low.

Brexit deals a fresh blow to the sterling, as shares tumble on government uncertainty.

Brexit: What happens now? video

An anti-Brexit protest.

Brexit has destabilised the political order of the globe. But will it even happen?

UK tipped for post-Brexit recession

The UK is being tipped for a recession within the next year.

It's likely to happen within a year, with the decision also set to stunt global growth, say top economists.

President Trump a bigger worry than Brexit video

Donald Trump thinks there are many parallels between what's happening in the UK and the US.

OPINION: If Brexit scared the world's markets, something else could terrify them.

Homeless man banned from plaza

The van belonging to Milovan "Michael" Stankovic, who lives behind Coles Kellyville in Sydney, Australia.

He was living in the carpark and the supermarket's owners argued he was overstaying the parking limit.

Plane erupts in flames video

The right wing of the plane erupted in flames after it landed at Changi Airport.

Passengers filmed as fierce flames and thick black smoke billowed from the wing.

Canal opens to mega ships video

Chinese container vessel Andronikos navigates the Agua Clara locks during the first ceremonial pass through the newly ...

New locks double capacity as the canal hopes to compete more with the Suez Canal in Egypt and tap new markets.

Veda 'opt-out' slammed

Privacy advocates have slammed Veda for using the online form to obtain a  credit report as a "marketing opportunity".

Simon was very careful with his personal information, so a rival bank's approach came as a surprise.

Developing nations may suffer after Brexit

The collapse in the value of the pound means that aid coming from Britain will be worth less to the people receiving it.

The collapse in the value of the pound means that British aid will be worth less to the people receiving it.

'With risk comes opportunity' video

Warriors owner Eric Watson.

The uncertainty in the UK makes fertile ground for bold businesspeople, says Eric Watson.

Brexit stuns investors video

The Brexit outcome stunned many investors.

Global markets buckled and US$3 trillion was wiped off stocks as Britain voted to leave the EU.

Big Brexit losses for rich

Richard Branson was among people calling for Britain to stay in the European Union.

UK's 15 richest people saw nearly $8b stripped from them by the vote to leave the EU.

Brexit triggers $A fall

The Australian dollar dropped against the US, but went up against the pound.

Australian dollar plummets against, soars against pound following "leave" vote.

Asia, US markets take a dive

Stock prices in Japan have plummeted.

US and Asia markets end the day with big losses, amid turmoil over Britain's vote to leave the EU.

Brexit: Sterling, stocks in free fall video

The worldwide financial markets have been jolted by the vote.

Markets jolted worldwide as Britain looks set to exit the European Union.

Brexit: Pound, euro both crash

British Pound has taken a dive on the back of a likely Brexit win.

Pound and euro take huge dive as "leave" camp look likely to win, triggering rush for yen.

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