UPDATE 1-EU mulls sanctions on Myanmar military businesses, diplomats say

The European Union isconsidering imposing sanctions on Myanmar that could involvetargeting businesses owned by the army, diplomats said onMonday, as EU foreign ministers warned the country’s tradepreferences were at risk. Three weeks after the junta seized power in Myanmar, EUgovernments want to show support for the daily protests andcivil disobedience movement seeking the reversal of the Feb. 1coup and the release of elected leader Aung San Suu Kyi.