Articles by USNN World News

Sports

Andre Agassi Wins His Professional Pickleball Debut With Partner Anna Leigh Waters

by USNN World NewsMay 10, 2025May 10, 2025

Economy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

by USNN World NewsMay 10, 2025May 10, 2025

Business

Google to Pay $1.4 Billion to Texas, Settle Data Privacy Case

by USNN World NewsMay 10, 2025May 10, 2025

Healthcare

FDA Approves 3 Natural Color Additives Amid Push to Remove Artificial Food Coloring

by USNN World NewsMay 10, 2025May 10, 2025

World

India and Pakistan Agree to US-Mediated Cease-Fire

by USNN World NewsMay 10, 2025June 6, 2025

World

Ukraine and Allies Call on Russia to Accept US Cease-Fire Proposal

by USNN World NewsMay 10, 2025May 10, 2025

Immigration

Judge Warns Trump’s Order May Violate Previous Ruling on Sanctuary Cities

by USNN World NewsMay 10, 2025May 10, 2025

Sports

Warriors’ Steph Curry Addresses Hamstring Injury: ‘Hopefully I’ll Be Back Soon’

by USNN World NewsMay 9, 2025May 9, 2025

National News

US Could Hit Debt Limit in August, Bessent Says

by USNN World NewsMay 9, 2025October 25, 2025

Japanese electronics manufacturer Panasonic plans to terminate 10,000 workers globally as part of a reform to resolve “structural issues,” the company said in a May 9 statement. The layoffs target 5,000 Japanese employees and 5,000 overseas workers at Panasonic’s consolidated companies. Job cuts are set to be implemented mainly in fiscal year 2026, “in accordance with the labor laws, rules, and regulations of each country and region.” “The company will thoroughly review operational efficiency at each Group company, mainly in sales and indirect departments, and reevaluate the number of organizations and personnel actually needed,” said the statement. Story continues below advertisement Panasonic will also terminate loss-making businesses that have “no prospect of improving profit.” “Through these measures, the company will optimize our personnel on a global scale,” it said. The layoffs are part of Panasonic’s broader management reform. The company is banking on these measures in fiscal 2026 to “resolve its various structural issues.” Related Stories Homes for Sale in Washington Surge 25 Percent Amid Federal Layoffs 5/8/2025 Homes for Sale in Washington Surge 25 Percent Amid Federal Layoffs Layoffs Drop, Jobless Claims Climb Ahead of April Jobs Report 5/1/2025 Layoffs Drop, Jobless Claims Climb Ahead of April Jobs Report The management reform seeks to improve profit by a minimum of 150 billion yen—roughly $1 billion—in fiscal year 2027 compared to fiscal 2025. For the current fiscal year 2026, Panasonic expects structural reforms to cost the company 130 billion yen, approximately $900 million. In an April 10 statement, Yuki Kusumi, the CEO of Panasonic Group, highlighted the need to change the organizational culture in the company. “There is a deep-rooted tendency toward following the established framework once a decision has been made. If we are going to improve the efficiency and quality of our work, then we must become an organization that is constantly changing, with each individual taking the initiative to make changes,” he said. “I believe we need to advance to the stage where change is considered a virtue. To achieve this, it is extremely important that we avoid being constrained by deeply ingrained behaviors.” The layoff announcement came on May 9 as Panasonic reported its consolidated financial results for fiscal year 2025, which ended on March 31. Story continues below advertisement Sales were at 8,458.2 billion yen, approximately $58 billion, down 0.5 percent from a year ago, which was partly due to the impact of deconsolidation in the company’s automotive segment, said the earnings report. Operating profit jumped 18 percent year-over-year, partly due to higher sales. According to Panasonic, the global economy experienced a gradual slowdown during the fiscal year ending March 31. For fiscal year 2026, net sales are expected to decrease, with operating profit also forecast to fall. Potential impacts of tariffs from the United States were not included in the forecast. “The company continues to monitor the tariff situation and aims to minimize the resulting impact by taking measures from both short-term and medium- to long-term perspectives,” Panasonic said. In January, Panasonic Well, a division of the company, announced a plan to create “the first comprehensive wellness ecosystem” for families. “Families are at their breaking point as chronic stress, disconnection, and fragmented wellness solutions are taking a toll, and the call for help is loud and clear,” the company said. Panasonic’s wellness solution is expected to aid families in dealing with wellness issues and “help modern families thrive.”

Economy

Panasonic Announces 10,000 Layoffs Worldwide

by USNN World NewsMay 9, 2025May 9, 2025

National News

DHS Says House Democrats and Protesters ‘Stormed’ ICE Detention Center

by USNN World NewsMay 9, 2025August 20, 2025

NATIONAL NEWS

Malicious Actors Impersonating Senior US Officials, FBI Warns

By Naveen Athrappully Malicious actors are impersonating government officials to secure sensitive information and steal funds, the FBI said in an alert on Dec. 19. “Activity ...

DOJ Seeking Appeals on Dismissals of Criminal Cases Against James Comey, Letitia James

By Troy Myers The U.S. Department of Justice (DOJ) is appealing the dismissal of a pair of criminal cases against New York Attorney General Letitia ...

Small Plane Crashes Into New Hampshire Condominiums

By The Associated Press NASHUA, N.H.—A pilot was taken to the hospital with injuries Wednesday after a small plane crashed into a residential neighborhood in ...

6 More Fraud Suspects Indicted in Minnesota, as $18 Billion in Medicaid Billing Is Reviewed

By Janice Hisle U.S. First Assistant Attorney Joe Thompson announced indictments against a half-dozen new suspects in a pair of recently identified welfare fraud schemes. Speaking ...

Trump Announces $1,776 ‘Warrior Dividends’ to Military Members

By Jacob Burg President Donald Trump on Dec. 17 announced that more than a million military service members will receive a $1,776 “warrior dividend” bonus ...

FAA Says It Will Commit $6 Billion to Air Traffic Control Modernization by Dec. 31

By Jacob Burg The Federal Aviation Administration (FAA) plans to commit $6 billion by the end of the year to upgrades to the nation’s air ...

Officials Release Enhanced Video Footage of Brown University Mass Shooting Suspect

By Jack Phillips Authorities released new video footage and a new timeline late Tuesday in connection with the fatal shooting at Brown University over the ...

Police Detain Person of Interest in Deadly Brown University Shooting

By Jacob Burg A person of interest is in custody over the shooting at Rhode Island’s Brown University on Saturday that left two people dead ...

2 Dead, 8 in Critical Condition in Brown University Shooting; Suspect at Large

By Ryan Morgan Two people are dead and eight others are hospitalized in critical condition following a shooting on the Brown University campus in Rhode ...

Land Along Southern Border Is Transferred to Navy to Become Part of ‘National Defense Area’

By Jacob Burg The Trump administration said on Dec. 10 that it would transfer roughly 760 acres of public land along the U.S.-Mexico border in ...

Trump Says US Has Seized Oil Tanker Off Coast of Venezuela

By Jack Phillips President Donald Trump said on Dec. 10 that the United States seized an oil tanker off the coast of Venezuela in what ...

Student Sues North Carolina School District After Tribute to Charlie Kirk Is Censored

By Tom Ozimek A North Carolina high school student and her parents have sued the Charlotte-Mecklenburg Board of Education, alleging the district violated her constitutional ...