What was important world news in 2007?

Answer 1

Jan. 1 -Cyprus and Malta adopt the euro.

January 2 - The price of petroleum hits $100 per barrel for the first time.

January 21 - Stock markets around the world plunge amid growing fears of a U.S. recession, fueled by the 2007 subprime mortgage crisis.

January 25 - China's worst snowstorm since 1954 kills 133, delays traffic, and causes massive power outages in central and southern parts of the country.

February 5 - U.S. Stock Market indices plunge more than 3% after a report shows signs of economic recession in the service sector. The S&P 500 fall 3.2%, The Dow Jones Industrial Average drops 370 points.

July 23 - Ram Baran Yadav is sworn in as the first President of Nepal.

August 1 - A total eclipse of the Sun is visible from Canada and extends across northern Greenland, the Arctic, central Russia, Mongolia, and China.

August 8-August 24 - The 2008 Summer Olympics take place in Beijing, China.

Sept. 10 - The proton beam is circulated for the first time in the Large Hadron Collider, the world's largest and highest-energy particle accelerator, located at CERN, near Geneva, under the Franco-Swiss border.

Sept. 15 - Lehman Brothers files for Chapter 11 bankruptcy protection, laying the catalyst for the Global financial crisis.

October 3 - Global financial crisis: U.S. President George W. Bush signs the revised Emergency Economic Stabilization Act into law, creating a 700 billion dollar Treasury fund to purchase failing bank assets.

Oct. 7 - Global financial crisis: Russia agrees to provide Iceland with a four-billion-euro loan.

October 9 - Global financial crisis: Following a major banking and financial crisis in Iceland, the Icelandic Financial Supervisory Authority takes control of the three largest banks in the country: Kaupthing Bank, Landsbanki, and Glitnir.

Oct. 29 - Global financial crisis: Hungary's currency and stock markets rise on the news that it will receive an international economic bailout package worth $25 billion from the IMF, European Union, and World Bank.

November 4 - United States presidential election, 2008: Barack Obama is elected the 44th President of the United States, and becomes the first African-American President-elect.

December 31 - An extra leap second (23:59:60) is added to end the year. The last time this occurred was in 2005.

Answer 2

For world events in 2007 click on the link below, under 'Related links'.

Answer 3

obama got elected president