to donate blood and to vaccines i thank you so much sir for filling us in we'll continue to follow obviously this story for you the entire evening you're watching it every new years a while iraq and berlin on behalf of all of us here thank you so much for being with us more coming up in a moment. i'm skilled at the work that's hard and in the end this is a me you're not allowed to steal and more we will send you that. are you familiar with this. with the smugglers were alliance of the what's your story. 'd on what numbers of women especially of victims of violence. take part and send us your story we are trying in all ways to understand this new

culture. you are not a villager. you want to become sitting. in for migrants your platform for reliable information. argentina says it finally has a deal with its jilted creditors could an agreement help pull the country out of a crippling 2 year recession. also on the show child labor has risen among cocoa farmers in west africa in recent years can chocolate producers do more to stop the practice. and into offices a spooky sign of the pandemic could become the norm and what would that mean for the real estate industry. will welcome stephen beardsley in berlin it's good have

you with us it's been a difficult 2 years for argentina which has endured a crippling recession worse than through the ongoing pandemic in may the government was unable to make a loan payment putting it in default for the 9th time in its history now says it has reached an agreement with those creditors which could help avert could help avert rather an even worse crisis in the months ahead. the coronavirus pandemic has pushed argentina's already struggling economy to the brink the country is in recession millions of people here live in poverty since the outbreak the queues outside soup kitchens have become longer many rely on such centers just to feed their families. we were using what little we had to buy food sometimes my son who worked as a painter brought us some money but now he doesn't have a job either we have no income so we are using his and my savings to eat in. argentina is economy is contracting while its national debt burden has been growing

according to the government and what us are is the interest alone drains 20 percent of state revenue it simply can't pay such sums especially now during the pandemic but relief could soon be on the way for the cash out nation the deal with creditors would be a significant debt relief the economy ministry said in an announcement on tuesday under the deal investors would swap bonds that argentina defaulted on for new securities according to media reports the new bonds will be worth around $0.55 on the dollar meaning big losses for many investors in exchange argentina agreed to move up some payments and strengthen rights for bond holders in case it has to restructure the debt again in the future but the settlement still has to be voted on by all creditors the stakes are high if the deal fails to secure approval creditors could leave with empty pockets and argentina might be cut off from international debt markets and investors for years and that could make life even

more difficult for every day arjun times. let's go over to africa now where 10 years ago some of the biggest names in the chocolate industry vowed to reduce child labor in the convents cocoa farming industry some 70 percent by 2020 they failed and child labor actually increase in the meantime. now the u.s. and e.u. are threatening regulatory measures pushing the industry to look for solutions. a village in southern ivory coast a special division of the police force is out looking for children working in the plantations instead of going to school. child labor is commonplace here and it doesn't take the police long to find someone. in the production we're taking the girl with us. and we're taking her mother too she can prove that her child should be in 2nd grade and that she went to school last year at least.

embarrassed the mother tries to explain. why we simply haven't been able to afford the school fees this year of the original. farming is no easy night 6 hours north we encountered a similar situation last year rafael was able to sell one ton of cash cow for just over 1200 year rose and that's all he and his wife and their 6 children have to live on for 12 months. i don't want my children to follow in my footsteps we farmers barely earn anything i've told them they have to do better so that they can look after us one day. and indeed these farmers would have to earn twice what they do to cover their basic living costs one reason why their children have to help out on the plantations even though

the cocoa sector agreed to cut child labor by 70 percent to ensure local kids get an education or vanish children can't go to school because there isn't one however the children of the managers can the profits from cocoa allow them to attend school in the us or canada. the big winners in the business of the chocolate companies meanwhile the pharmacy resounds but the biggest loser is of the children themselves. and ivory coast alone says one u.s. study 2000000 children are involved in dangerous plantation work far more than a decade ago but escaping that also means an uncertain future these kids are off to a children's home into a life which may well be no better than the one they're leaving behind. or a fernando or other still a cruise is founder of cafe for chains change a social business focusing on the coffee tea and cocoa industries and he joins me

now from munich fernando it's good to have you with us the u.s. is reportedly considering an import ban on cocoa from the ivory coast would that help the situation of families like these or could it make it worse. it would help it the biggest problem stephen and i have to thank you for having me on your show is that there is no rule of law in europe or the united states or canada when it comes to the very powerful and very rich multinationals that control the congo in the street because we are talking about their e poor and if present one side and all the other words are what will be yours some of the richest families of europe and the richest families of the 'd united states actually control the costs of all industries so if there were a rule of law all of these would change it's not about chasing their mothers and little children working. it's about understanding that only in germany we are both

in germany and there is one family that has 750000 children working for him it's a blessing and this is not only cruel it. is a business law and so what i argue for is rule of law in germany in europe in the united states in canada in order. to make sure that all these multinationals respect but never have as a last friend a record have to ask looking at that piece i think children were taken from their home because their families were in extreme poverty and apparently had no choice but to grow cocoa. what is the answer to that how do we police or stop child labor without breaking up families in this case that seems a little extreme to me. well this illusion is very simple the price of cocoa. today when germany calls it fair trade price or local is less than $1.00 3rd of what families need to cover their basic necessities so let's not call it fear it's cruel. and most importantly let's understand that these are businesses so if you

can't be bought and sold in germany with their kid they're all or whatever the price is not fair to the farmer so let's bring in 10 cents extra per candy bar in little out of the it out wherever you hire chuckleheads and let's bring that money back to the origin because today. are again not on receiving $8000000000.00 less per year on their exports these current to us will have to leave it there for and for now no more oil is still a cruise with cafe for change thank you very much thank you it's a pleasure. let's take a look now some of the other business stories making headlines around the world. the e.u. is launching an investigation into google's proposed takeover of u.s. firm fitbit and that's due to the amount of personal data the wearable devices can collect about the user the european commission worries data could be used to

entrench google's position personalized advertising. british oil major b.p. lost $16800000000.00 in the 2nd quarter as the coronavirus coronavirus rather crush demand for crude it's the worst quarterly report for b.p. since the deepwater horizon oil spill a decade ago prices for crude have tumbled by a 3rd this year. well endemic has pushed more white collar workers from the downtown office to the home office that's raising a big question the real state world what to do with all that extra office space. james brincat is one of the few people working in this place still building his company vantage point consults for the financial sector and an office here is a status symbol but since the pandemic offices and conference rooms are less important to him he says in future he'll just rent space when needed. this is an expense for a small medium sized business was an expense we are all encouraged if we didn't

have to. and by saving that expense he can clock up 15 percent more profit at the end of each month by going office free it's a completely new model and it may be a permanent one. some people are even calling it a revolution triggered by the necessities of the pandemic if it takes root it could make at least the open floor office in london superfluous yet commercial construction is still going on all over the british capital. the change is a problem for commercial property agents in london's tallest building the shard li elliot's real estate company is hoping to rent out offices. this stylish workplace costs $15000.00 euros a month elliot believes he'll find tenants for it. i don't think it's a crisis so i think there's a correction in the market a slight reduction in the amount of space required but the key point is walk but space is useful it's no longer going to be about rosa or upon row of best people

processing email because we know we know we can do that in effect today so actually it's about using the office space to bring people together to collaborate to educate them whether that's formally or informally but in a poll carried out by the london chamber of commerce and industry in a 9 percent of businesses that they've closed their physical premises for good change is exciting and it gives people more opportunity to have a better work life balance we've been talking about enough that we still have people coming in and our on the cheap goods at the center of the body not o'clock in the evening needing at 5 o'clock with 1000000 people coming out of the square that's not work life balance is giving us an opportunity of really addressing i think it's tremendous the varied value of office space is being called into question it's a sign of big changes afoot in london's working world. or finally here's a form of work that hasn't changed much over centuries croatia's traditional salt

harvests this is europe's oldest salt works in a small village of stalin on the adriatic coast the wind and sun of operate pools of seawater leaving salt behind it's then shoveled into small wagons to be set up to dry it's been a key industry in the region since at least the 13th century 3rd. some things never change that's it for me and the business team you can find out more about these and other business stories online at g.w. dot com slash business i'm stephen beardsley as always thanks for watching.

kickoff. 2 hearts in their chests to see a startling start with truth and morocco. and royal blue. and a young german star suits his way into the premier league 3 top talents 3 life stories and fairy journeys to the top colleagues. in 16 d. w.

. in the art of climate change. africa. what's in store. for the future. for the major cities. inside. in terms of. this esteemed every news africa on the program today the fight for fair play uganda's opposition same as the ruling party is using the coronavirus pandemic to steal the upcoming election with political rallies bad they say their message isn't reaching voters because the president is blocking dave grohl will hear from the young hopeful who wants to pollute your way to 70 from office. i present myself as a to give up all these resources what we need.