World news, either international news or world news or just global news, is the common news terminology for worldwide news. There are many international news agencies that give you information on major and world political events, conflicts, or natural disasters of any region. It also covers sports events and politics, and anything that happens around the globe. This news is quite unpredictable and has a wide range of topics.
In contrast to world news, the world business news is concerned with business issues, which may be local or global. These business stories include the manufacturing and trade sectors, including finance, banking, insurance, pharmaceutical, chemicals, transport, technology, agriculture, commerce, and marketing. The business sections of all major news agencies are in constant competition with each other for high profile stories, scoop, or development. These business correspondents in different countries report to their home media agencies.
International news organizations like the wire service delivery services compete with the national news organizations for international news coverage. Many international news organizations also cater to the local community, especially in third world countries, through joint ventures and association with local newspapers. The New York Times Company for example, is an international newspaper company that specializes in business reporting and international newsgathering. Other major international news organizations include Financial Times, CNN, and The Associated Press.
Many of the business and financial correspondents who cover international business or political developments do not work for a single news agency, but rather for multiple ones. They often find assignments from other international or local media organizations and then go freelance to pursue their freelance journalism profession. Many new foreign correspondents in media employment choose to write for a variety of sources including newspapers, magazines, internet sites, and television news shows. The foreign correspondents who are writing for a variety of sources and are therefore, multi-taskers, have an advantage in their jobs over those who concentrate on one source.
There are some areas that are virtually cut off from the rest of the world. Coverage in these areas is provided by correspondents from news organizations based in the cities in which these areas are located. For example, correspondents to the Beijing Evening News are based in Beijing, and they also provide reports on weekend events in Beijing. The correspondents to the CNN bureau in Islamabad are based in Islamabad, Pakistan and they also provide reports and updates on various topics. The correspondents who are based in Mumbai, India, are expected to send their reports and updates to the CNN office in New Delhi. Similarly, correspondents to the London bureau are based in New Delhi, India, and they also provide updates and reports on India and abroad.
China has opened up its doors to foreign correspondents who want to report on its state of the country and world affairs. The Beijing Evening News, for example, has welcomed foreign correspondents to cover Chinese politics, current affairs and developments, and also to report on their lives in China and abroad. Coverage includes current affairs, stories on celebrities in China, and features on different sections of society. This is a good avenue for foreign correspondents to increase their understanding of China, especially its society, leaders, history, economy, and people.