Disposable Smart New Solutions oberstein said you know weve heard those truly in need and we know that their uniqueness is 10 wows us to live and survive good why do you assume the environmental soon to global 3000 on g. W. And oman. 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 empty offices of the pandemic but could become the norm and what would that mean for the real state of the street. Welcome im sitting here the in berlin its good have you with us its. Its 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 when it 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 argentinas already struggling economy to the brink the country is in recession millions of people here live in poverty since the outbreak the queues inside 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 doesnt have a job either we have no income so we are using his and my savings to eat in. The. Argentine is economy is contracting while its National Debt burden has been growing according to the government and what else are is the interest alone drains 20 percent of state revenue it simply cant pay such sums especially now during the pandemic but relief could soon be on the way for the cash out nation to 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 tines. Lets go over to africa now where 10 years ago some of the biggest names in the chocolate industry fell to reduce child labor in the contents 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 doesnt take the police long to find someone. On the block were taking the girl with us. And were 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 havent been able to afford the school fees this year. Farming is no easy life 6 hours north we encounter a similar situation last year rafael was able to sell one ton of cash cow for just over 1200 year rose and thats all he and his wife and their 6 children have to live on for 12 months. I dont want my children to follow in my footsteps we farmers barely earn anything ive 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. Children cant go to school because there isnt 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 for the biggest loses of the children themselves in ghana and ivory coast alone says one us 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 Childrens Home into a life which may well be no better than the one that leaving behind. Or a fernando vila cruz 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 its 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 italy district because we are talking about very poor and francis children on one side and on the other words are you know what multibillionaires some of the richest families of europe and the richest families of the United States actually control the costs of all industries so if there were a rule of law all of these would change its not about chasing their mothers and little children working. Its about understanding that really in germany we are both in germany and there is one family that has 750000 children working for him its a blessing and this is not only cruel. Its a business law and so what i argue for if you are low in germany in europe in the United States in canada in order. To make sure that all these modern nationals respect but never have as a nation as friend iraq would 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 the solution is very simple the price of cocoa. Today what germany calls a fair trade price or local is less than 1. 00 3rd of what families need to cover their basic necessities so lets not call it fear its cruel. And most importantly lets understand that these are businesses so every candy bar sold in germany with their kid their own or whatever the price is not fair to the farmer so lets bring in 0. 10 extra for a candy bar in little out of the it out wherever you hire chuckleheads and lets bring that money back to the origin because today. Are not are receiving 8000000000. 00 less per year on their exports to us will have to leave it there for and for now and of more ill still a cruise with cafe for change thank you very much thank you its a pleasure. Lets take a look now at some of the other business stories making headlines around the world. The e. U. Is launching an investigation into googles proposed takeover of u. S. Firm fitbit and thats 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 googles position and personalized advertising. British oil major b. P. Lost 16800000000. 00 in the 2nd quarter as the coronavirus coronavirus rather crush demand for crude is 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 the endemic has pushed more white collar workers from the Downtown Office to the home office thats raising a big question the real estate world what to do with all that extra office space. James brincat is one of the few people working in this palatial building his Company Vantage point consults for the Financial Sector and an office here is a status symbol but since the pandemic offices in Conference Rooms are less important to him he says in future hell just rent space when needed. This is an expense for a small medium sized business is an expense we are all incurring if we dont 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 its 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 londons tallest building the shard lee elliots Real Estate Company is hoping to rent out offices. This stylish workplace costs 15000. 00 euros a month elliot believes hell find tenants for it. I dont think its a crisis i think theres a correction in the market a slight reduction in the amount of space required but the key point is walk but space is useful its no longer going to be about rosa or upon row of best people processing email because we know we know we can do that i am affected so actually its about using the office space to bring people together to collaborate to educate them whether thats formally or informally but in a poll carried out by the London Chamber of commerce and industry in may 9 percent of businesses said theyve closed their physical premises for good change is exciting and it gives people more opportunity to have a better Work Life Balance weve been talking about that long enough that we still have people coming in and our on the cheap goods at the center of love the by not oclock in the evening. Leaving at 5 oclock with all the hall 1000000 people who come in and out of the square thats not Work Life Balance is giving us an opportunity of really addressing i think its tremendous the varied value of office space is being called into question its a sign of big changes afoot in londons working world. Or finally heres a form of work that hasnt changed much over centuries croatias traditional salt harvests this is europes old assault works in a small village of stalin on the adriatic coast the wind and sun evaporate pools of seawater leaving salt behind its then shoveled into small wagons to be set up to dry as bit of heat industry in the region since at least the 13th century. Some things never change thats it for me and the Business Team to find out more about these and other business stories online dot com slash business im stephen as always thanks for watching. The fall. Guy she is sure i see a strong not. Without people icon to begin to imagine. Start september 16th on. The 2nd season of only. 6 back environment but society. On the brink spoke to some leading experts some of his. This gives the w. s a shock on todays program and the election that could see the president and his brother control the fate of an artist for years to come. True long term president go talk about talk show once of a job tune problems and hes hoping his brother could get it for him at stake the countrys fall to 2 from limited the president s powers. And no space for religion china almost to demolish a giant statue of the full thought as the common response to clamp stomp on anything you