Ten Things You Need to Know Today: Thursday 28 Jun 2012

1. MILIBAND INCREASES DIAMOND PRESSURE

Labour leader Ed Miliband and London mayor Boris Johnson have increased the pressure on Barclays chief Bob Diamond by calling for a criminal investigation into the Libor scandal rocking the bank. Chancellor George Osborne told the Commons Diamond had "very serious questions to answer" but would not be drawn on criminal charges at Barclays.

The rise and fall of 'casino banker' Bob Diamond

2. ECCLESTONE BIDS FOR LONDON GRAND PRIX

Plans for a Formula One race course through central London, taking in such landmarks as Buckingham Palace and Trafalgar Square, will be revealed today as F1 chief executive Bernie Ecclestone offers to pay £35m to stage an annual London Grand Prix. The Times reports that a GP could inject £100m into the London economy.

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London Grand Prix: Ecclestone offers to pay for F1 race

3. EU LEADERS GATHER FOR SUMMIT

European leaders have gathered in Brussels for a summit on the fate the the euro. German Chancellor Angela Merkel held talks with French President Francois Hollande in Paris prior to the meeting, but she has already rejected the idea of pooling eurozone debt. David Cameron attends the summit with an offer to inject £1.3 billion into an EU-wide growth plan.

4. BECKHAM WILL NOT PLAY AT OLYMPICS

David Beckham has been left out of Stuart Pearce's Olympic football squad. The 37-year-old was widely tipped to be one of three over-23 players in the 18-man squad, but Pearce has selected Ryan Giggs, Craig Bellamy and Manchester City defender Micah Richards. Beckham said he was "very disappointed".

David Beckham left out of GB Olympic football squad

5. QUEEN UNVEILS BOMBER COMMAND TRIBUTE

The Queen has unveiled a memorial to the 55,573 airmen of Bomber Command who died during World War II. The ceremony in London's Green Park was attended by 6,000 veterans and families of the deceased. The memorial, which cost £6m and was funded by public donations and private donors, features a 9ft-high bronze sculpture of seven aircrew.

Bomber Command deserves its WWII memorial – and here's why

6. US COURT APPROVES OBAMACARE

The US Supreme Court has approved Barack Obama's healthcare reforms, dubbed Obamacare. The judges ruled that the "individual mandate" provision of the bill was legal. It compels young and healthy people to buy insurance and is designed to push down the cost of premiums for others. The vote has provoked a furious backlash from Republicans.

7. IPCC PROBES DOWLER DETECTIVES

The Deputy Chief Constable of Surrey police is under investigation by the IPCC over claims he failed to act after discovering that the News of the World had hacked the phone of Milly Dowler. Craig Denholm was in charge of the investigation into the teenager's disappearance in 2002. Det Supt Maria Woodall, who took over the case in 2006, is also under investigation.

8. BLAIR WOULD LIKE TO RETURN AS PM

Tony Blair yesterday revealed he would like to return to Downing Street as prime minister, but added that this is "not likely to happen". He told the Evening Standard, which he had guest edited, that he had quit to avoid a "bloody battle" with Gordon Brown. Blair also insisted that he paid 50% tax on his post-Downing Street earnings.

Miliband stunned as Tony Blair admits he fancies a comeback

9. KILLER ESCAPES FROM PENTONVILLE

Shotgun killer John Massey, 64, serving life for murder, is on the run after escaping from Pentonville Prison, north London last night. Police warn that he is dangerous and should not be approached. Massey was convicted in 1975 of killing a man in an east London pub with a sawn-off shotgun, and escaped once before, in 2007.

John Massey: the man who can't help escaping prison

10. HOT TICKET: VERY MODERN MUNCH

A new Edvard Munch exhibition opens at the Tate Modern today. The show examines the Norwegian artist's later 20th century artworks, featuring 60 paintings (but not The Scream) and rarely seen film and photography. "Wonderfully revisionist", says The Guardian. Until 14 October.

New Tate show introduces a thoroughly modern Munch