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Facebook will provide $ 100 million in financial assistance to support media affected by the coronavirus pandemic, Reuters reports.
"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 social network announced a "$100 million investment to support the news industry—$25 million in emergency grant funding for local news through the Facebook Journalism Project, and $75 million in additional marketing spend to move money over to news organizations around the world."
Facebook has recently announced that it will temporarily reduce the quality of video streaming in its main platform and in the Europe app.
In this way, the social network wants to help avoid potential network problems at a time when Europeans are working from home because of the coronavirus pandemic.
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The World Health Organization (WHO) has issued a stark warning regarding the spread of bird flu (H5N1) to various species, including humans, expressing deep concern over its impact and potential consequences
Bansko, Bulgaria's premier mountain resort, experienced a surge in winter tourism, with more than 190,000 visitors flocking to its slopes during the season
Data from a recent global poll conducted by the world association "Gallup International" represent the diverse perceptions surrounding the threat posed by the coronavirus pandemic
The European Food Safety Agency (EFSA) issued a stark warning regarding the looming threat of a large-scale bird flu pandemic, underscoring the potential consequences if the virus were to transition to humans and establish human-to-human transmission
European prosecutors are delving into allegations of corruption surrounding the COVID-19 vaccine negotiations between European Commission President Ursula von der Leyen and Pfizer CEO Albert Bourla
Nearly 7,000 excess deaths from tuberculosis occurred in the WHO European Region in the three years of the pandemic from 2020 - 2022, compared to what experts had expected based on pre-2020 estimates
As the May holidays mark the onset of sea tourism, Bulgarians and foreigners preparing for their annual getaways are facing a stark reality: trips this year will come with a heftier price tag
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
