US Supreme Court limits Biden's power to cut emissions

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Joe Biden's climate strategy suffers a major setback after the US Supreme Court rules that the Environmental Protection Agency doesn't have the authority to set standards on polluting emissions from existing power plants. A White House spokesperson says the ruling is a "devastating decision," we ask the BBC's John Mervin about the potential consequences. Global markets close after one of their worst performances in decades. As investors brace for further losses and even the prospect of a recession in the United States, we hear from FHN Financial's analyst Chris Low about their concerns. The Chinese President Xi Jinping has been visiting Hong Kong to celebrate the 25th anniversary of the British handover. As part of the deal, the city was meant to enjoy a high degree of autonomy until 2047 when it would become a fully integrated part of China. But critics say Beijing hasn't allowed Hong Kong residents to maintain those freedoms. We hear from Herbert Chow, a Hong Kong-based businessman. Unilever has sold the ice cream brand Ben & Jerry's to an Israeli licensee, opening the door for the dessert to be sold in the Palestinian territories. Ben & Jerry's has criticised its parent company for the decision. We speak to Michael Dickson, the executive director of Stand With Us - a pressure group that campaigns against boycotts. (Picture: President of the United States Joe Biden during the press conference on the final day of the NATO Summit in Madrid, Spain on June 30, 2022. Picture credit: Getty Images)