rebuilding after disaster. washington sends $60 million to maryland after the deadly bridge collapse in baltimore. bitter harvest. how the soaring cost of cocoa is leaving a sour taste in the mouths of chocolate lovers. welcome to world business report. baltimore and the state of maryland are to get $60 million in federal aid to deal with the bridge collapse that's brought chaos to the port of baltimore. the accident happened after the bridge was hit by a giant ship on tuesday. officials say the first priority is to find four workers who are presumed to have died. they then hope to clear the wreckage to allow shipping to resume through one of america's busiest ports. the governor of maryland, wes moore, says it's a very complex operation.

this is an incredibly complex job. and our timeline will be long. and all of us can remember when a container ship that got stuck in the suez canal a few years ago, when that happened. it is important to remember that it took five weeks to dislodge that ship. well, if you think about what the dale is, the dale is almost as long as the eiffel tower. and the dali has a key bridge on top of it. we are talking about 3,000 tonnes of steel that is sitting on top of that ship. erin delmore is in new york for us. what do we know about this aid from washington? we what do we know about this aid from washington?— washington? we know it came seedil . washington? we know it came speedily. usually _ washington? we know it came speedily. usually it _ washington? we know it came speedily. usually it takes - washington? we know it came speedily. usually it takes a - washington? we know it came| speedily. usually it takes a few days— speedily. usually it takes a few

days like — speedily. usually it takes a few days like aid like this to be disbursed from the federal government but in this case it has been _ government but in this case it has been three — government but in this case it has been three days since we saw the bridge _ been three days since we saw the bridge collapse. we know it is in the amount of $60 million that will allow_ the amount of $60 million that will allow recovery and rebuilding efforts — allow recovery and rebuilding efforts to begin to get under way but this— efforts to begin to get under way but this is— efforts to begin to get under way but this is not what it will take to rebuild _ but this is not what it will take to rebuild this bridge. that sum has been _ rebuild this bridge. that sum has been estimated to be potentially as hi-h been estimated to be potentially as high as_ been estimated to be potentially as high as $2 billion and what that nteens— high as $2 billion and what that means is— high as $2 billion and what that means is congress is going to have to bony— means is congress is going to have to pony up— means is congress is going to have to pony up and fund some of this mission — to pony up and fund some of this mission it— to pony up and fund some of this mission. it is part of when you hear governor— mission. it is part of when you hear governor wes moore and other officials — governor wes moore and other officials you hear them hearkening cheap— officials you hear them hearkening cheap bigger world and national events— cheap bigger world and national events talking about that cargo ship struck— events talking about that cargo ship struck in _ events talking about that cargo ship struck in the suez canal, the minneapolis bridge collapse here, even seeing us was as big as the eiffei— even seeing us was as big as the eiffel hour — even seeing us was as big as the eiffel hour. they are trying to tell congress — eiffel hour. they are trying to tell congress members this could happen anywhere _ congress members this could happen anywhere. it has global implications, nationaltrade indications. that is the message they are — indications. that is the message they are trying to put forward to -et they are trying to put forward to get congress people whose own constituents may not ever cross this bridge _ constituents may not ever cross this bridge to _ constituents may not ever cross this bridge to be — constituents may not ever cross this bridge to be willing to spend their

constituent was not taxpayers dollars. — constituent was not taxpayers dollars. . ~ constituent was not taxpayers dollars. ., ,, , ., constituent was not taxpayers dollars. ., ,, . scott cowan is president of the ila marine workers union in baltimore. let's start with the aid from washington. is that enough? it is let's start with the aid from washington. is that enough? it is a dro in washington. is that enough? it is a dron in the — washington. is that enough? it is a drop in the bucket _ washington. is that enough? it is a drop in the bucket of _ washington. is that enough? it is a drop in the bucket of what - washington. is that enough? it is a drop in the bucket of what it - washington. is that enough? it is a drop in the bucket of what it will i drop in the bucket of what it will cost to rebuild this bridge and there are so many other things connected to, it is not the bridge itself, for the people i represent, itself, for the people i represent, it is the shipping channel being closed and all of the commerce that cannot get in and out of the baltimore harbour.- cannot get in and out of the baltimore harbour. ~ ., ., , baltimore harbour. what more needs to be done? — baltimore harbour. what more needs to be done? six _ baltimore harbour. what more needs to be done? six lives _ baltimore harbour. what more needs to be done? six lives were _ baltimore harbour. what more needs to be done? six lives were lost - to be done? six lives were lost obviously _ to be done? six lives were lost obviously aren't _ to be done? six lives were lost obviously aren't they _ to be done? six lives were lost| obviously aren't they recovered to be done? six lives were lost i obviously aren't they recovered to those souls but there are four still down there, that is the first priority and the second is to open the shipping channel and i think the actual rebuilding of the bridge is

somewhat down the line from that. how long do you think the situation is going to take to rectify, to be rectified? ., ., �* ,, ., ., ., rectified? that i don't know. no one knows yet- — rectified? that i don't know. no one knows yet- i— rectified? that i don't know. no one knows yet. i know _ rectified? that i don't know. no one knows yet. i know the _ rectified? that i don't know. no one knows yet. i know the army - rectified? that i don't know. no one knows yet. i know the army corps . rectified? that i don't know. no one | knows yet. i know the army corps of engineers and surveyors are on it and it depends on how the wreckage is lying and how far across the channel it is and we had to come the channel it is and we had to come the channel accepts two—way ship traffic so i believe it is about 700 foot wide. if they can get half of the channel opened and one we ship traffic we can get the port open. what is the impact being felt on the ground by your members, the workers? i represent 2&00 union dock workers in the port of baltimore and they are very nervous obviously. they don't know when this thing will open back up and their lives depend on it to put food on their tables and take care of theirfamilies.

to put food on their tables and take care of their families. everyone to put food on their tables and take care of theirfamilies. everyone is still in a state of disbelief at this time. do still in a state of disbelief at this time-— still in a state of disbelief at this time. i. ,, ., this time. do you think that the local communities _ this time. do you think that the local communities will - this time. do you think that the local communities will take - this time. do you think that the | local communities will take long this time. do you think that the . local communities will take long to rebuild after this? it local communities will take long to rebuild after this?— rebuild after this? it reaches further than _ rebuild after this? it reaches further than the _ rebuild after this? it reaches further than the local - rebuild after this? it reaches - further than the local community. we do a lot of cargo here for the baltimore—washington metropolitan area. a lot of the community does work at the port. the bridge itself, while it is a tragedy, there are other options to get across the river. there are three route to get across the bridge, this will be impactfulfor sure. that is not going to shut it down but this bridge being in the shipping channel shuts the ports down. thank bridge being in the shipping channel shuts the ports down.— shuts the ports down. thank you so much forjoining — shuts the ports down. thank you so

much forjoining us. _ in the uk, the country's biggest water company, thames water, may have to be nationalised. thats�*s because investors say they won't give the company any more money. thames supplies around a quarter of the uk's population, but is drowning in £15 billion of debt. dr ewan mcawhee is an expert in public services and regulated industries at kings college london. he told me what's gone wrong at the company. since privatisation of the water industry in 1989, we've had all water companies, not just thames water, paying out collectively £72 billion in dividends and at the same time paying much of that by loading themselves up with debt. so you mentioned the 15 billion figure for thames water alone. and so fundamentally the regulation in the water industry act 1991 says that the regulator should make sure that water companies and their investors can get a return on their capital.

it's not primarily about making sure that there is good water, that the rivers are clean, that the beaches are clean. so, you know, at the heart of this is a failure of the experiment of privatisation. we even have a situation where currently on the board of thames water is a director who used to be the chief executive of 0fwat, the regulator. and so this is how broken and captured the regulation system is, when you can be a regulator but then get a lucrative job at a water company later on that you're meant to be regulating, you're probably not going to do a very good job. the government oversees all of this, and it can change it by putting water companies into special administration and bringing about not just temporary, but permanent public ownership, which is like, by the way, what 90% of countries around the world already do. it's the easter weekend, and for many people that means easter eggs. they're enjoyed around the world, but you may find that they're getting getting smaller and more expensive. that's because of the rising cost of cocoa after droughts

in west africa which produces 70% of the world's cocoa beans. ben greensmith is the uk and ireland manager of tony's chocolonely. i asked him how the company is coping with the surge in prices. it's been really well publicised at the moment it's been really well publicised at the moment that the price of cocoa is at a as—year high. and obviously cocoa is the main ingredient that goes into chocolate bars. everyone likes eating chocolate. no—one really thinks about where it's coming from. so it is it will have a big impact on anyone that is sourcing cocoa, will have a big impact on the price of chocolate and the future price that consumers are probably paying. you just mentioned the future price. i think we can see a graphic now that shows that since the start of the year, the cost of cocoa has almost doubled. and of course, that means that

further down the track, you're going to be hit with some really high prices. how on earth can you manage this? well, look, i mean, chocolate is a massive, massive industry. so, around about 4 billion in the uk alone. it is a, it's not on everyone's shopping lists, but it's in most people's baskets at the end. this year alone, there's going to be about 52 million easter eggs sold in the uk. now, whilst we're talking a lot about the price of cocoa and everyone loves eating chocolate, really enjoys it, there's a really problematic issue at the beginning of the value chain. so, most of the world's cocoa, as you say, 70% comes from west africa — ghana and cote d'ivoire. there are 2.5 million farms there that produce most of the world's cocoa. but sadly, due to the low prices paid by the chocolate industry and the big chocolate manufacturers, those farmers are living in poverty, so they can't afford

to invest in their farms. and they also have to take their children at school and use them on theirfarms. so there's 1.6 million children working illegally on cocoa farms today. so these costs at the moment, whilst its top of people's minds and top of top of news, we are hoping in a way that this shines a light on the fact that there is plenty of money in the value chain of cocoa. it's just going to the wrong places at the moment. but it is tough. any business that is sourcing cocoa, particularly from west africa, will be will be feeling the pinch. manufacturers will be looking at a number of things in terms of passing that cost on to consumers. so either taking the amount of cocoa out, changing their pack size or putting their prices up to the retailers, that then gets passed on to the consumers. but what we hope is that this starts the conversation around the lack of investment that's been happening with the farmers in west africa in the low, low prices

that are being paid. because what we do at tony's is demonstrate that you can make delicious tasting chocolate and pay the farmers fairly. and ultimately this issue that we're seeing on climate change is problematic, you know, the yields are down 30 to 40% this year and that is due to climate. but it's also decades of under—investment from the big chocolate companies. ben greensmith is the uk and ireland manager of tony's chocolonely. in other news... here in the uk former sub—postmasters and politicians are calling for the police to investigate the post office to face after bbc news revealed the company knew of flaws in its horizon it system. a document shows bosses and lawyers knew of issues in 2017, but kept arguing sub—postmasters were to blame. the post office said it would be "inappropriate to comment." sam bankman—fried, once known

as the king of crypto has been given 25 years in jail. he used to be the boss of the ftx exchange, but was found guilty of swindling customers and investors. he's been ordered to forfeit $11 billion which can be used to compensate victims. he's expected to appeal. european and us markets are closed for the east weekend holidays. yesterday london hit a one—year high while frankfurt inched higher and paris ended flat as traders continued to weigh the recent uptick in inflation. asian indices closed mixed after a senior federal reserve official floated the idea of delaying or reducing cuts to us interest rates, boosting the dollar. major stock markets "are still hovering around record levels as investors continue the world." don't forget you can get in touch with me and some of the team on twitter.

hello from the bbc sport centre.

xabi alonso has confirmed that he will remain with bundesliga club bayer leverkusen next season, ending speculation linking him the future managerial vacancies at liverpool and bayern munich. alonso has led leverkusen to the top of the league in his first full season with the club, 10 points clear of second—placed bayern. at this moment i feel that this is the right place for me to be, to develop as a coach. i am a young coach, ifeel develop as a coach. i am a young coach, ifeel that develop as a coach. i am a young coach, ifeel that my develop as a coach. i am a young coach, i feel that my 'ob develop as a coach. i am a young coach, i feel that my 'ob is develop as a coach. i am a young coach, ifeel that my 'ob is not coach, ifeel that myjob is not over here. i want to help them, i want to help the team and the young players develop. if i am part of the process i am happy with that. putting things together, i am convinced it is the right decision, i am still young, time will tell but i am still young, time will tell but i am still young, time will tell but i am feeling that.