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This is the world in brief from The Economist.

Our top stories.

Donald Trump said he would nominate Kevin Warsh to become the new chair of the Federal Reserve.

Mr. Walsh is a former Fed governor who was appointed by George W. Bush.

He is much more likely than the current chair Jerome Powell to agree with Mr. Trump that the

Fed should cut interest rates rapidly. The president fell out with Mr. Powell over the issue.

Abbasarachi, Iran's foreign minister, said the country was open to holding

talks with America, but emphasized they could not be, quote, conducted under threat. Mr. Trump has sent

a naval, quote, Armada, to the Middle East and threatened force if Iran does not abandon its nuclear program.

Speaking in Turkey, Mr. Arachi said Iran would not, quote, accept dictation or imposition.

Israel said it would open the rafa border crossing between Gaza and Egypt from Sunday.

Officials said that Israeli and Egyptian authorities

would screen individuals exiting and entering the enclave under the supervision of a European

monitoring force. Israeli troops have controlled the site since May 24. Reopening it was part of the

ceasefire deal agreed between Israel and Hamas.

Panama's Supreme Court ruled to revoke contracts with the subsidiary of C.K. Hutchinson

to run two ports at either end of the Panama Canal. The Hong Kong-based conglomerate has

...