A sprawling beachfront home used in the filming of the 1980s television show Magnum, P.I. has sold for $8.7m (€8m) and it is widely believed President Barack Obama will move in after leaving the White House.

President Barack Obama spent his morning on the beach and afternoon on the golf course yesterday, both favourite destinations during his Hawaiian holidays.

US President George Bush was today spending Christmas at Camp David for the 12th time.