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

Trump Jr. Claims Cheney Allies Are Working to Defeat Wyoming Senate Bill on Election Runoffs

By Ivan Pentchoukov Donald Trump Jr.. said on March 9 that allies of Rep. Liz Cheney (R-Wyo.) are working to derail a Wyoming bill that would establish a primary runoff election ...

Trump Says ‘No More Money for RINOs,’ Asks Supporters to Donate to His PAC and Website

By Ivan Pentchoukov President Donald Trump issued a fiery statement on Monday night calling on his supporters to no longer give money to Republicans who oppose his ...

Biden Admin Officials Had Roles in Probes, Surveillance of Trump Campaign

By Jeff Carlson News Analysis As Joe Biden constructs his new administration, individuals from the Obama administration are quietly resurfacing in positions of power. Some of ...

Biden Sued by 12 States Over Climate Executive Order

By Jack Phillips President Joe Biden was sued by 12 states over a climate change-related executive order, saying it has the potential to severely impact states’ economies. State attorneys ...

Former Intelligence Director: Special Counsel Durham Agreed, No Intel Showing Trump-Russia Collusion

By Zachary Stieber Former U.S. Attorney John Durham agreed that there was no intelligence showing collusion between former President Donald Trump or his campaign and ...

Biden Signs Election Executive Order to Increase Voting by Criminals

By Ivan Pentchoukov President Joe Biden signed an executive order on March 7 altering the way the federal government handles elections, including by increasing voting and voter registration access ...

Supreme Court Dismisses Lin Wood Election Lawsuit Without Comment

By Jack Phillips The Supreme Court on Monday morning dismissed a Nov. 3 election-related case filed by defamation lawyer Lin Wood. The high court did not issue a ...

California City Mayor Pro Tem Resigns After Pleading Guilty to Election Fraud

By Jack Phillips The mayor pro tem of a Northern California city resigned after he pleaded guilty to election fraud, according to local reports last week. Crescent City Mayor ...

Graham: Trump Could Make GOP Bigger and Stronger, or He Could Destroy It

By Janita Kan Sen. Lindsey Graham (R-S.C.) said he thinks former President Donald Trump could make the Republican Party “bigger” and “stronger,” or lead the party to ...

Conservative Nonprofit to Launch $10 Million Campaign to Strengthen Election Integrity: Report

By Tom Ozimek Conservative nonprofit Heritage Action for America is on Monday expected to announce plans to spend $10 million on a wide-ranging election integrity campaign to ...

White House Says Relief Bill Remains ‘Incredibly Progressive’ Despite Senate Compromises

By Tom Ozimek White House spokesperson Jen Psaki said Friday that the $1.9 trillion relief package—panned by Republicans as a liberal wish list packed with non-pandemic-related spending ...

White House Sidesteps Question Over Rising Gas Prices

By Bowen Xiao The White House on March 4 sidestepped questions about whether President Joe Biden was doing anything to curb rising gas prices, as those ...