A Supreme Court ruling last week has caused confusion about states’ authority and non-Native businesses on tribal lands, with some saying the ruling ultimately threatens tribal sovereignty. The Bureau of Economic Analysis has data that shows a decline in consumer spending, thanks to inflation. The Brexit discussion has been rekindled due to cost-of-living struggles in the U.K.

From the BBC World Service: Argentina’s President Alberto Fernandez has appointed a new economy minister overnight. That’s after the previous minister resigned following criticism of his policies by the vice president – and former president – Cristina Kirchner. International leaders gather in Switzerland to start drawing up plans for Ukraine’s recovery and reconstruction. And we hear how sky-high inflation has been a mixed blessing for Turkey’s Mediterranean resorts.

Stocks have posted their worst first half of a year since 1970, with S&P and Nasdaq each down more than 20% since January. Where do stocks go for the rest of the year? For more, we’re joined by Christopher Low of FHN Financial. Plus, European Union leaders are hammering out what appear to be the first comprehensive set of cryptocurrency regulations in the world.

The Supreme Court on Thursday restricted the authority of the Environmental Protection Agency to regulate greenhouse gas emissions from power plants. While that hinders the Biden administration’s ability to battle climate change, the ruling could also affect other agencies. For more, we spoke to Jack Lienke, the Regulatory Policy Director at the Institute for Policy Integrity at NYU School of Law. Wall Street has hit a negative milestone as stock have posted their worst first half of a year since 1970. Hong Kong commemorates 25 years since transferring to Chinese rule.

From the BBC World Service: We look at the future of Hong Kong as a financial hub, a quarter-century after the end of British control. Between COVID restrictions and political crackdowns, will international companies start taking their business elsewhere? And as Sri Lanka’s president asks Russian president Putin for cheap oil, we hear the latest on how everyday people are coping in a country that is running out of fuel.

Grant Thornton chief economist Diane Swonk joins us to discuss what a slowdown in consumer spending means for the Fed’s fight against inflation and the future of economic growth. The BBC reports on the British Parliament’s criticism of how the U.K. enforces financial sanctions against Russia. A story from Tennessee illustrates how providers in states that ban abortion have now become the prime organizers for travel arrangements for people who have to head out of state for the procedure.

China’s government today said it wants the U.S. to stop cracking down on its companies. That was prompted by the U.S. government imposing trade restrictions on dozens of foreign firms for allegedly helping Russia’s military and defense industry. A Maryland law has widened the circle of people legally allowed to perform abortions. Since the Supreme Court’s overturning of Roe v. Wade, some attention has turned to the direction of anti-abortion groups. One part of their strategy is crisis pregnancy centers. We look into what those actually are. 

From the BBC World Service: Ferdinand Marcos Jr., son of the late dictator ousted over 30 years ago, has taken office as president of the Philippines after a landslide victory. But his plans to boost his country’s beleaguered economy remain hazy. A new parliamentary report in the U.K. says the government has been complacent in enforcing financial sanctions against Russia. And data released this week from Australia’s national census show that home ownership remains out of reach for many people.

The world’s central bankers continue their meeting in Portugal, with the main theme being a familiar one: inflation. Marketplace’s China correspondent Jennifer Pak gives us another check-in from Shanghai, where COVID quarantine restrictions have changed for travelers. The BBC reports on how the war in Ukraine and drama surrounding Russian gas has led to a return to coal, leading to South African producers struggling with a surge in demand.