The Sunday Subject — June 19, 2022

Welcome to Subject’s weekly news roundup. We present you the essential headlines, local and beyond.

Global stock markets have suffered their biggest weekly fall in more than two years after a series of interest-rate increases by central banks.

A recession is widely expected. According to analysts, the rapid changes in the market mood demonstrate how much the Fed and other wealthy central banks around the world have lost control of events.

The Supreme Court of Iowa has ruled that the state’s constitution does not guarantee a fundamental right to abortion.

The ruling comes before the anticipated release of the U.S. Supreme Court’s decision to strike down Roe v. Wade.

Vladimir Putin declared that “the era of the unipolar world” has ended.

In a speech at the St. Petersburg International Economic Forum, the Russian president stated that America and its allies are living under “their own delusions.” Meanwhile, the European Commission endorsed Ukraine’s candidacy for E.U. membership.