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

CNN Fires Anchor Chris Cuomo Following Indefinite Suspension

By Mimi Nguyen Ly CNN on Saturday terminated one of its top anchors, Chris Cuomo, after having indefinitely suspended him earlier this week. The suspension was announced on Tuesday ...

6th Circuit Court Rules Against Biden Administration in OSHA Vaccine Mandate Lawsuit

By Tom Ozimek The Sixth Circuit Court has denied the federal government’s motion to transfer the Occupational Safety and Health Administration (OSHA) vaccine-or-test requirement lawsuit ...

Manchin Joins GOP to Fight Private Sector Vaccine Mandate

By Joseph Lord Sen. Joe Manchin (D-W.Va.) has come out against President Joe Biden’s unprecedented private sector vaccine mandate, joining Republicans in officially cosponsoring a bill ...

Lithium Prices Shoot Up, Disrupting Plans for Electric Car Manufacturers

By Naveen Anthrappully Car manufacturers are finding it increasingly pricier to manufacture electric vehicles (EV) as the costs of procuring lithium, one of the main ...

Tesla Launches Electric Quad Bike in US for Kids

By Reuters Tesla Inc. has launched an electric quad bike for kids in the United States for $1,900, two years after the electric-car maker introduced the all-terrain ...

Actually, Justice Sotomayor, Everything Has Changed About The Abortion Debate Since Roe

By Tiana Lowe Justice Sonia Sotomayor bases part of her abortion jurisprudence on demonstrably faulty suppositions about the developing science of pregnancy and contraception. When the ...

Ghislaine Maxwell sex abuse trial enters fourth day after first accuser testifies

By Luc Cohen NEW YORK, Dec 2 (Reuters) – Ghislaine Maxwell’s sex abuse trial was set to enter its fourth day on Thursday, following emotional ...

Other Senate Democrats face risks in voting for Build Back Better

By Moshe Hill President Joe Biden’s “Build Back Better” legislation is on the docket for the Senate. All eyes are on Democratic Sens. Joe Manchin and Kyrsten Sinema. ...

Russia Fines Google 3 Million Roubles for Not Deleting Banned Content

By Reuters MOSCOW—A Moscow court fined Alphabet Inc.’s Google 3 million roubles ($400,386) on Monday for not deleting content that is deemed illegal, part of a wider ...

Pentagon Orders New Probe into Syria Airstrike that Killed Dozens of Civilians

By Isabel Van Brugen Defense Secretary Lloyd Austin has ordered a new investigation into a 2019 airstrike in Syria that led to multiple civilian deaths, Pentagon press secretary John Kirby announced on Monday. The ...

US Stock Futures, Oil Rebound as Investors Buy Omicron Dip

By Tom Ozimek U.S. stock futures and crude oil prices led a market rebound on Nov. 29 following sharp selloffs in risk assets on Black ...

Cyber Monday Sales Expected to Slow as Shoppers See Fewer Deals

By Reuters U.S. retailers are estimated to generate online sales of up to $11.3 billion on Cyber Monday, a decline in growth from a year ...