Liechtenstein's zombie-trust apocalypse
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 8 July 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
US President Donald Trump extended tariff deadlines, and Liechtenstein’s trust industry is in a crisis spurred by American sanctions against Russia. Plus, Shein filed for an initial public offering in Hong Kong, and Elon Musk is trying to save Tesla from Trump.
Mentioned in this podcast:
Donald Trump renews threat to hit trading partners with steep tariffs
Liechtenstein hit by Russia-linked ‘zombie trust’ crisis
Shein files for Hong Kong IPO to pressure UK to save London listing
‘Elon has finally woken up’: Musk battles to save Tesla from Trump
Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | For over 40 years, Equinoor has been an energy partner to the UK. |
| 0:04.1 | During that time, we've played our part in the switch from coal to gas, |
| 0:07.1 | and we're working hard to help the UK's energy transition. |
| 0:10.2 | We may not have all the answers yet, but we're determined to find them. |
| 0:13.5 | Equinor, an energy company, searching for better. |
| 0:16.9 | 99.6% of Equinor's energy output is oil and gas. |
| 0:20.5 | Our investment in renewables and low-carbon solutions |
| 0:22.9 | has increased from 4% in 2020 to 27% in 2024. Find out more at equinor.com.uk. |
| 0:32.1 | Good morning from the Financial Times. Today is Tuesday, July 8th, and this is your FT News Briefing. |
| 0:38.8 | Sheehan has filed for an IPO in Hong Kong, and the U.S. is delaying the start of any new tariffs. |
| 0:45.9 | Plus, Lichtenstein is overrun by zombies. Sorry, zombie trusts, I probably should have clarified. |
| 0:52.5 | I'm Mark Filipino, and here's the news you need to start |
| 0:54.7 | your day. |
| 1:06.1 | The Trump administration is pushing its trade deadline again. The White House said yesterday that countries will now have until August 1st to negotiate a deal with the U.S. |
| 1:16.8 | It also unveiled some of the new individual tariffs countries could face if they don't play ball. |
| 1:22.6 | For instance, South Korea and Japan could both face 25% tariffs. |
| 1:27.5 | South Africa would get slapped with a 30% levy. |
| 1:31.1 | President Donald Trump originally paused the so-called reciprocal tariffs back in April. |
| 1:36.2 | The original deadline to make a deal or get hit with those tariffs was slated for tomorrow. |
| 1:42.5 | Investors were unmoved by the new date, though. |
| 1:45.0 | The S&P 500 fell a little less than 1% yesterday. |
| 1:53.0 | The feud between Elon Musk and Donald Trump is escalating, |
... |
Transcript will be available on the free plan in 17 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.