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.
The giant social networking site, Facebook shuts its three offices in London till Monday after an employee was diagnosed with Covid-19.
The global death toll from the virus surged past 106,000 on Saturday, with the United States quickly becoming the epicentre of the pandemic that first emerged in China late last year.
“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.”
The Sharjah Social Services Department (SSSD) is continuing to provide the COVID-19 vaccine to senior Emiratis, people of determination, people of mental illnesses and their families across the Emirate of Sharjah as part of its campaign aimed at reaching the groups most in need of the vaccine.
In line with the Ministry of Health and Prevention’s plan to get frontline health workers vaccinated against the coronavirus, Dubai Autism Center’s employees have taken the first dose of COVID-19 vaccine.
The Dubai Health Authority (DHA) on Tuesday announced it has suspended some non-urgent elective dental services and reduced the number of dental clinics across DHA facilities in the emirate as a precautionary measure to protect patients and healthcare personnel from COVID-19 and prevent its spread.