Private jet crashes in Florida

The Learjet 60 was carrying nine people when it crashed in a residential area in Palm Beach County, federal officials say.

The nation’s second-biggest lender expects interest rates to remain “elevated” and for house prices to have fallen more than 10 per cent by March.

In the weeks before his historic Melbourne Cup win, Phar Lap was walked around the streets of Albury in relative anonymity.

Charles Leclerc copped a five-second penalty for leaving the track and gaining an advantage after his collision with teammate Lewis Hamilton.