Hello and welcome to World Business Report from the BBC World Service.
I'm Leanna Byrne and on this edition, Russia's economy is booming,
according to Russia, but is it really?
And in the race for AI dominance, a company called Kroc, with a Q,
says its chips can outperform the biggest chip company in the world, Nvidia.
And meanwhile, forget retiring to Florida when you can spend your later years in Thailand.
I looked for sunshine, butterflies, and flowers,
and I came here and I thought I'd give it six months.
five years later and I'm still here.
We'll hear a little bit more about that later on in the programme.
But we're starting today with a warning from some of the world's top economists,
including Nobel Prize winner Joseph Stiglitz,
who says it's time to rethink how we deal with debt in poorer countries.
They've released a report backed by the Vatican calling for urgent changes to the global financial system so that countries struggling with high debt can invest in things like healthcare,
education and climate protection instead.
of just paying off interest.
I spoke to Professor Joseph Stiglitz.
He's a renowned economist from Columbia University.
And I asked him why, in a world still reeling from COVID,
high inflation and rising interest rates, he believes we need a new approach now.