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

Legal Scholar Sees Flaws in Georgia Indictment, Efforts to Humiliate Trump

By Ryan Morgan and Steve Lance The criminal indictment against former President Donald Trump in Fulton County, Georgia, comes with the implication that he’ll be ...

Former Trump Aide Files to Have Georgia 2020 Election Racketeering Charges Dropped

By Catherine Yang Mark Meadows, former chief of staff to then-President Donald Trump, filed a motion to dismiss the charges against him in Georgia based ...

Judge Sets Trump’s Georgia Bond at $200,000, Restricts Communication

By Janice Hisle A judge has begun setting bonds and release conditions for former President Donald Trump and some of his 18 indicted co-defendants in ...

3 More Hunter Biden Attorneys Withdraw From Case

By Catherine Yang Attorneys Brian McManus, Matthew Salerno, and Timothy McCarten of Latham & Watkins LLP withdrew from representing Hunter Biden in the tax misdemeanor ...

Maui Fire May Have Been Caused by Power Grid Malfunctions: Report

By Frank Fang A sensor and data technology company said that power grid malfunctions could likely be the cause of Maui wildfires in Hawaii. Bob Marshall, ...

South Dakota Gov. Kristi Noem Says She’d Consider Being Trump’s VP If Asked

By Jack Phillips South Dakota Gov. Kristi Noem said that she would consider becoming former President Donald Trump’s vice presidential pick in 2024, if she ...

RFK Jr. Courts South Carolina Voters Ahead of February 2024 Primary

By Jeff Louderback With South Carolina scheduled to lead off the 2024 Democratic presidential primary season in February, Robert F. Kennedy Jr. is traveling around ...

Trump Indictments Meant to Demoralize and Provoke Americans: James Lindsay on ATL Now

By Jan Jekielek and Catherine Yang The swift and varied legal actions taken against former President Donald Trump as he navigates his campaign for 2024 ...

US Court of Appeals Strikes Down Use of Jail and Probation for Jan. 6 ‘Parading’ Misdemeanor

By Joseph M. Hanneman A federal appeals court on Aug. 18 struck down the use of so-called “split sentences” in Jan. 6 cases—imposing both prison ...

Biden Breaks Silence on Special Counsel Investigation of Son

By Catherine Yang In President Joe Biden’s first public answer since a special counsel was appointed to investigate his son Hunter Biden’s financial dealings, the ...

Trump’s GOP Rivals to Gather in Atlanta to Campaign

By Catherine Yang Just 10 miles from the county jail where former President Donald Trump needs to surrender by next Friday over racketeering charges brought ...

White House Chief Legal Counsel to Depart as House GOP Probes Ramp Up

By Savannah Hulsey Pointer The chief legal counsel of the White House is set to depart in the coming month after a tenure of almost ...