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Disney's global footprint also expands with the acquisition of Fox's international satellite assets, including Star TV network in India and a stake in European pay-TV provider Sky Plc.The acquisition will give Disney a new pipeline of shows and movies as it battles technology companies spending billions of dollars on programming shown online to siphon audiences away from traditional TV networks."This is the right move at the right time as the marriage of these assets creates a much more formidable Disney," said Daniel Ives, an analyst at GBH Insights in a note to clients.Immediately before the acquisition, Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, its sports channels FS1, FS2 and the Big Ten Network into a newly listed company that it will spin off to its shareholders.The "new" Fox is intended to grow and focus on live news and sports, Fox said."It is born out of an important lesson I've learned in my long career in media: namely, content and news relevant to viewers will always be valuable," 21st Century Fox Executive Chairman Murdoch said in statement.Disney Chief Executive Bob Iger, 66, will extend his tenure through the end of 2021 to oversee the integration of the Fox businesses. He has already postponed his retirement from Disney three times, saying in March he was committed to leaving the company in July 2019."This gives us the ability to marry the great content of Fox with the great content of Disney, it gives us a much larger international footprint, and it enables us to use cutting-edge technology to reach consumers in far more compelling ways," Iger told ABC's "Good Morning America" program.Iger said new technology would be necessary to meet the demands of viewers who want to access content anytime.

Dining out, shopping in malls, watching movies, singing in KTV and traveling are the most preferred, the survey showed.

Despite trade tensions with the US, China remained an attractive investment destination. Inflows to China last year increased by 4.0 percent to an all-time high of 9 billion, making it the second-largest recipient of Foreign Direct Investment behind the US, according to a latest report by the United Nations Conference on Trade and Development.

Disaster-relief personnel have begun to dismantle the damaged buildings to ensure they do not cause any danger to surrounding houses and residents.

Digging machine sales in the domestic market went up 45.4 percent from a year earlier in Q1, while overseas sales surged 105.1 percent year on year.