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Myanmar junta pushes criminal justice bill

Myanmar's military junta has drafted a draconian cybersecurity bill that has raised alarm among human rights campaigns and business groups to give authorities extensive powers over the Internet. The transition to police digital content came as thousands continued to protest in cities across the country against a coup that toppled Aung San Suu Kyi's government last week. The military takeover is condemned worldwide with US President Joe Biden on Wednesday announces sanctions on junta's leaders and the freezing of 1 billion. dollars of Myanmar's government assets stored in the United States. According to the proposed law, online service providers in…

Shell accelerates emission targets as it aims for net zero

Royal Dutch Shell said its oil production and emissions related to its business had peaked as the energy program set more ambitious climate targets in an effort to become a zero-zero company by 2050. The company's oil production will fall by up to 2 percent a year, and its gasoline and diesel production has fallen by 55 percent by 2030, the group said in a strategy update released Thursday.The company plans to maintain cash generation from its inherited oil business while "over time" investing more resources in gas, chemicals, renewable energy and sales power. Net emission intensity - a measurement…

New U.S. unemployment claims are dipping in signs of sluggish improvement

Initial unemployment benefit claims fell to 793,000 last week as the U.S. labor market showed some modest signs of improvement as it tried to recover from the winter rise in coronavirus cases. According to data released by the U.S. Department of Labor on Thursday, the number of vacancies for regular state programs fell by 19,000 from the week before. It was accompanied by a drop of 34,400 in new applications for the federal pandemic assistance program - which applies to gig workers and the self-employed - to 334,500.The figures, which means that more than 1.1 million. Americans still sought jobless…

Brussels raises forecasts for eurozone economic recovery

The European Commission said there was "light at the end of the tunnel" for the eurozone economy as it predicted that production would return to its pre-pandemic level sooner than previously expected, citing the bloc's vaccine rollout for the improved outlook.The eurozone economy will grow 3.8 percent this year and at the same pace next year, Brussels said in a report released Thursday. While the forecast for this year is lower than Brussels' previous projection, which was published at the end of last year, the forecast for 2022 is stronger. That reflects the impact of expanding vaccination coverage and easing…

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