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

FBI Director Patel Provides Update on Charlie Kirk Assassination Investigation

By Jack Phillips FBI Director Kash Patel has provided an update on the investigation of the assassination of Charlie Kirk, saying that he believes the ...

Noem Says US Travel Ban to Expand to Over 30 Countries

By Aldgra Fredly Homeland Security Secretary Kristi Noem said on Dec. 4 that the Trump administration is looking to increase the number of countries subject ...

USDA to Review All Programs to Ensure ‘Only Legal Citizens’ Receive Government Benefits: Secretary Rollins

By Naveen Athrappully The U.S. Department of Agriculture (USDA) will be examining all government-assistance programs to certify recipient accuracy, according to a Dec. 1 post ...

ICE Urges New York to Honor Detainers for 7,000 Criminal Illegal Immigrants Held by State

By Aldgra Fredly U.S. Immigration and Customs Enforcement (ICE) on Dec. 1 urged New York state to honor its detainers for more than 7,000 illegal ...

Treasury Investigating Alleged Minnesota Fraud That Steered Money to Somali Terrorists

By Kimberly Hayek The Treasury Department is investigating claims that Minnesota taxpayer funds were stolen by fraudulent nonprofits and rerouted to the Al-Shabaab terrorist group ...

Hurricane Season Ends With No US Landfalls for First Time in 10 Years

By T.J. Muscaro Hurricane season officially came to an end on Nov. 30, and for the first time in 10 years, no hurricane made landfall ...

Trump Declares Venezuelan Airspace Closed as US Intensifies Pressure on Maduro

By Tom Ozimek President Donald Trump said on Nov. 29 that the airspace above and around Venezuela should be considered “closed in its entirety,” marking ...

National Guard Shooting Suspect to Be Charged With First-Degree Murder, Pirro Says

By Jack Phillips Charges against the man accused of shooting two National Guard members this week will be upgraded to first-degree murder after one died, ...

2 National Guardsmen Killed in Shooting Near White House

By Ryan Morgan WASHINGTON—Two National Guard members were killed in a shooting near the White House on Nov. 26. At around 2:40 p.m. ET on Wednesday, ...

NASA Reduces Boeing’s Starliner Missions as SpaceX Books More Flights

By Kimberly Hayek NASA is reducing its investment in Boeing’s beleaguered Starliner spacecraft, announcing Monday that it’s lowering the number of astronaut missions and opting ...

Pentagon Investigating Senator After Video Urging Troops to Defy ‘Illegal Orders’

By Zachary Stieber Sen. Mark Kelly (D-Ariz.) is under investigation after the Department of War received allegations that he engaged in misconduct, the department stated ...

Federal Judge Dismisses James Comey, Letitia James Indictments

By Sam Dorman A federal judge on Nov. 24 dismissed indictments of former FBI Director James Comey and New York Attorney General Letitia James, holding ...