You can't watch the news to understand what is going on in the world. You have to do reading, serious reading.
One of the tools I used was to read concise history books. I've read concise history books on China, Japan, Africa, South America and the Middle East.
History is your best friend if you want to get more knowledge of the world.
You can find some good internet resources out there, but we're not talking about the news here. We're talking about serious websites and thinktanks that discuss regional news in seriousness and detail.
The Library of Congress has an excellent political and historical summaries for many different countries. The only problem is that they are are all 10 years out of date.
Try also
Economist.com
A good source, but biased. I recommend it though (as well as BBC country profiles) if you are starting from scratch.