International News:
- U.S. President George W. Bush and Russian President Dmitry Medvedev meet in Sochi, Russia, to discuss a range of issues including arms control and security.
- Israeli forces carry out a series of airstrikes in the Gaza Strip in response to rocket attacks by Hamas militants.
- The European Union agrees to a €1 billion ($1.3 billion) aid package for the Palestinian Authority, in an effort to support the peace process.
- The United Nations Security Council passes a resolution calling for an end to violence in the Democratic Republic of Congo (DRC) and demanding that rebel groups disarm.
National/Regional News:
- Barack Obama secures enough delegates to become the Democratic nominee for president of the United States, making history as the first African-American to win a major party's nomination for the presidency.
- The Canadian province of Quebec holds provincial elections, with the incumbent Parti Québécois winning a majority of seats and retaining power.
- The World Bank approves a $1 billion loan to India for the development of rural roads and infrastructure.
Business/Finance:
- U.S. stock markets plunge, with the Dow Jones Industrial Average dropping nearly 400 points amid concerns over the financial crisis in the subprime mortgage market.
- The International Monetary Fund (IMF) warns of a potential global economic slowdown due to the subprime mortgage crisis and rising oil prices.
- European Central Bank raises interest rates by 0.25% to combat inflation concerns.
Entertainment:
- The 39th Bambi Awards take place in Germany, recognizing achievements in the media and entertainment industry.
- The film "Kung Fu Panda" premieres in theaters worldwide, becoming a box office success and receiving positive critical reviews.
- Madonna releases her 11th studio album, "Hard Candy," which goes on to become her best-selling album in over a decade.
Sports:
- Spain defeats Germany 1-0 in the final of the UEFA Euro 2008 tournament in Vienna, Austria, becoming European champions for the second time.
- American cyclist Lance Armstrong wins his seventh Tour de France title, breaking his own record for the most Tour de France victories.
- The NBA Finals begin, with the Boston Celtics facing the Los Angeles Lakers in a rematch of the previous year's finals.