December 11, 2020 - Biz in 60

EU leaders agree on budget, COVID-19 recovery package EU leaders have approved an historic 2.2-trillion- dollar budget and stimulus package. The agreement paves the way for the European Union to implement its seven-year budget, which includes a pandemic relief package worth almost 1-trillion- dollars. Hungary and Poland had threatened to veto the budget over a mechanism that ties funding to upholding democratic standards. German audit watchdog chief faces probe over Wirecard German Economy Minister, Peter Altmaier, will open a probe into the head of the country's audit watchdog, Ralf Bose. Bose has admitted to buying and selling Wirecard shares while his organisation was investigating the auditor of the payments firm. Wirecard collapsed into insolvency in June after it disclosed a 2-point-2 billion dollar hole in its accounts. Disney forecasts streaming subscribers will triple by 2024 Walt Disney Company has increased subscriber forecasts for its video streaming business. The media giant now expects Disney Plus to attract as many as 260-million subscribers by 2024, more than triple its previous forecast. Disney will also raise the price of the service by one dollar in the US, and by 2-dollars and 40 cents in Europe.