Liechtenstein's zombie-trust apocalypse

The FT News Briefing for July 8 covers several business and economic stories: the U.S. delaying tariff deadlines and potential impacts on countries like South Korea, Japan, and South Africa; the escalating feud between Elon Musk and Donald Trump and its negative effect on Tesla's stock due to unfavorable policies and potential future actions; Shein's confidential IPO filing in Hong Kong and its possible implications for London's financial center status; and the crisis in Liechtenstein's trust industry involving "zombie trusts" and the flight of directors due to U.S. sanctions against Russia, posing risks to the country's reputation and financial stability.