World news or world coverage is the term used to describe the worldwide news, usually about a particular national or international topic, which is normally generated by correspondents based in different countries and who are supported by networks and correspondents based in other nations. The major global news agencies like Associated Press, BBC, CNN, C-SPAN and others constantly report on world events, political developments, environmental issues, and banking news. In some cases, the information can be transmitted to other networks and websites on the Internet via press releases. Such kind of information is essential for people living in remote areas where they cannot access regular news publications, television or radio programs, or Internet through their computers. As an example, many people in the United States of America do not know anything about the recent financial turmoil that has affected other parts of the world, including the United Kingdom, China, France, Italy, and Japan.
Professional foreign correspondents, both freelance and staff, work hard to keep the world informed of critical events around the clock. These correspondents are usually based in major cities around the world. Some professional journalism organizations have come up to work as a coordinating body, reporting on all major global stories, providing commentaries on the same to media houses all over the world, and preparing reports and commentaries for international news agencies.
Many professional correspondents work for freelance or part-time journalists, working in addition to their day jobs. Some people who have been deeply involved in world journalism, either as a reporter or as a producer, consider it their career. In the United States of America, many freelance reporters and freelance producers are employed by news agencies. There are also numerous news agencies that have come up in the last few years. Some have merged with larger media companies, while others have remained independently, providing their own line of business. Many people who are interested in journalism, and particularly in world news, find it very lucrative.