Michael Jackson is said to be living on a diet of gravy, painkillers and biscuits. The cash-strapped star - who settled a 4.7 million pounds [$7 million] court case against Sheikh Abdulla Al-Khalifa at the weekend - is apparently surviving on the bizarre diet after his spending habits spiraled out of control.

Jackson's financial woes are said to be a result of him blowing $1.5 billion on luxuries such as a Ferrari car and the entire stock from antiques shops and comic book stores he has visited.

A firm manufacturing aircraft that takes off and lands vertically, is building a car that can fly.

Moller International's flying car called Autovolantor will be a Ferrari 599 GTB outfitted with retractable wings, eight fan thrusters and a booster.

A woman, living in Germany, is adding an extra for anyone who wins the auction for her Ferrari Enzo sports car.

According to a Reuters report, the 26 year old female, who gave her name as Leila, is including herself in the auction, with the starting bid being about $1.6 million on ebay.