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

House Committee Advances Bill to Have Trackable Mail-In Ballots

By Mimi Nguyen Ly The House Oversight and Reform Committee on Thursday advanced a bill that would enable mail-in ballots for federal elections to be tracked. “This bill ...

Blunt Election Comments From Angry Maricopa Residents During Board of Supervisors Meeting

By Allan Stein Republican voters frustrated with Maricopa County’s handling of the midterm election blasted the county’s board of supervisors on Nov. 16 and called for ...

FBI Director Wray Defends Using Bureau Jet to Go on Vacation

By Zachary Stieber FBI Director Christopher Wray on Nov. 17 defended leaving a congressional hearing abruptly and using an official bureau jet to go on vacation after telling ...

Conservative Think Tank Report Urges Congressional Investigation on Black Lives Matter Organizations

By Terri Wu WASHINGTON—A new special report on cultural Marxism is urging Congress to hold hearings on Black Lives Matter (BLM) organizations. America’s political leaders shouldn’t shy away ...

Republican Prosecutor Wins Maricopa County DA Race

By Jack Phillips Democrat candidate Julie Gunnigle conceded to Republican Rachel Mitchell in the Maricopa County district attorney’s race this week. Although not all votes have been counted ...

‘This Is an Investigation of Joe Biden’: House Republicans Allege Biden Was Involved in Hunter’s Business Dealings

By Cathy He The House Oversight Committee will investigate President Joe Biden and his involvement in his son Hunter’s foreign business deals, Reps. James Comer (R-Ky.) and ...

Schumer Says ‘Yes’ Vote Was a Mistake as 13 Senate Democrats Vote to End COVID Emergency

By Jack Phillips About a dozen Senate Democrats joined all Republicans and voted to rescind the COVID-19 emergency, including Senate Majority Leader Chuck Schumer (D-N.Y.), who later said his “yea” ...

Pelosi Makes Major Announcement About Political Future After Democrats Lose House

By Zachary Stieber House Speaker Nancy Pelosi (D-Calif.) on Nov. 17 announced she would step down from the House Democrat leadership after Republicans flipped the lower chamber. “Scripture ...

Kari Lake Issues First Major Update Since Katie Hobbs Declared Victory

By Zachary Stieber Arizona Republican gubernatorial candidate Kari Lake said Nov. 17 she’s still fighting, in her first major update since Democrat candidate Katie Hobbs declared victory. “I wanted to ...

Hobbs’s Lead Over Lake Narrows in Arizona Gubernatorial Race

By Zachary Stieber Arizona Secretary of State Katie Hobbs saw her lead in the gubernatorial race over Republican Kari Lake drop again in the most recent update. Hobbs’s lead of 19,382 ...

Homeland Security Secretary Alejandro Mayorkas Says He Has No Plans to Resign Amid Border Crisis

By Katabella Roberts Homeland Security Secretary Alejandro Mayorkas on Tuesday said he has no plans to resign amid mounting criticism over his handling of the immigration crisis at the U.S.–Mexico border. Republican lawmakers ...

Donald Trump Launches 2024 Bid for White House

By Ivan Pentchoukov PALM BEACH, Fla.—Former President Donald Trump commenced his third campaign for the White House on Nov. 15. Trump, 76, who had hinted at a 2024 run for ...