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

White House Responds to China Warning Countries Against Making Deals With US

By Travis Gillmore WASHINGTON—In response to reports that the Chinese regime is warning other countries against making deals with the United States that could be ...

DOJ Announces RICO Charges Against 27 Alleged Venezuelan Gang Members

By Joseph Lord The Department of Justice (DOJ) on April 21 announced that 27 alleged members or affiliates of the Venezuelan gang Tren de Aragua ...

Police Investigate Shooting on Subway Platform That Led to Harvard Students Sheltering in Place

By The Associated Press CAMBRIDGE, Mass.—Transit police in Boston were investigating a shooting on a subway platform at Harvard University on Sunday that prompted the ...

Hegseth Responds After Report Says He Shared Attack Plans in Second Signal Chat

By Zachary Stieber Defense Secretary Pete Hegseth on April 21 responded to a report that he shared plans for an attack in Yemen in a ...

Alito Calls Supreme Court Block of Venezuelan Gang Deportations ‘Legally Questionable’

By Matthew Vadum Supreme Court Justice Samuel Alito filed a strongly worded dissent from the court’s order issued early April 19 that temporarily blocked the ...

Trump Floats Revoking Harvard’s Tax-Exempt Status—What Is It?

By Aaron Gifford Harvard University and the Trump administration are in an escalating standoff after the institution declined to comply with a list of conditions ...

Pentagon to Wind Back US Troop Footprint in Syria

By Ryan Morgan The Pentagon is preparing to downsize the U.S. military footprint in Syria in the coming weeks, citing recent successes against the ISIS ...

Trump Administration Rescinds Biden-Era Greenhouse Gas Rule for Highways

By Chase Smith The U.S. Department of Transportation has repealed a Biden-era rule requiring states to set targets for reducing carbon dioxide emissions from vehicles ...

Kansas City Man Charged in Tesla Arson Case Involving Molotov Cocktails

By Tom Ozimek A Kansas City man attending college in Boston has been arrested and charged in federal court for allegedly firebombing two Tesla Cybertrucks ...

Trump Admin Releases 10,000 Previously Classified RFK Assassination Files

By Chase Smith More than 10,000 pages of previously classified government records related to the 1968 assassination of Senator Robert F. Kennedy were released by ...

2 Dead, Son of Sheriff’s Deputy in Custody After Florida State University Shooting

By T. J. Muscaro and Jacob Burg Two people are dead and seven others, including the shooting suspect, were left injured after an active shooter ...

Trump Expresses Confidence in EU Trade Deal in Meeting With Italy’s Meloni

By Emel Akan and Travis Gillmore WASHINGTON—U.S. President Donald Trump welcomed Italian Prime Minister Giorgia Meloni to the White House on April 17, with both ...