The photo has been used for illustrative purposes.
"The news industry is working under extraordinary conditions to keep people informed during the COVID-19 pandemic," said Facebook's news partnerships director, Campbell Brown.
"At a time when journalism is needed more than ever, ad revenues are declining due to the economic impact of the virus. Local journalists are being hit especially hard, even as people turn to them for critical information to keep their friends, families and communities safe."
The new funding includes $25 million in emergency grants for local news through the Facebook Journalism Project, and $75 million for additional marketing efforts "to move money over to news organisations around the world," according to a statement.
Facebook said it will offer grants "to publishers most in need in the hardest hit countries."
The move comes amid growing concerns of cutbacks and closures of news organisations hit by lockdowns and a massive slump in advertising resulting from the health crisis.
In recent months Facebook and Google have stepped up efforts to help news organisations, following criticism that their dominance of online advertising has made it difficult for media to profit from digital operations.
Facebook has also supported fact-checking operations with AFP and other media companies, including Reuters and the Associated Press, under which content rated false is downgraded in news feeds so that fewer people see it.
Prior to the COVID-19 outbreak, an estimated 30,000 weddings took place every weekend in the United States. For wedding planners, the pandemic has also proven devastating, with many bracing for huge losses and fearing they might be forced to shut down.
The health ministry said 4,313 people who tested positive for the virus in hospital had died as of 1600 GMT Friday while there were 41,903 confirmed cases as of 0800 GMT Saturday, up 3,735.
“Some Pakistanis have also died in other states,” said Pakistan embassy’s spokesperson Zoobia Masood. “We are still collecting information about how this disease has affected the Pakistani-American community.”
In a powerful demonstration of global solidarity, governments, businesses, investors and philanthropies have announced over $57 billion (Dhs200 billion) across the climate agenda in just the first four days of COP28.
Masdar City hopes to set a new industry standard for houses of worship in the region through an innovative design that blends environmental protection with cultural heritage and community building.
Coinciding with the UAE’s hosting of COP28, the CBUAE, in cooperation with the COP28 Presidency, on Sunday organised an event to facilitate global climate finance solutions and progress towards a sustainable future.