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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, 2025May 9, 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

FEMA Confirms Acting Administrator Hamilton Has Been Replaced

by USNN World NewsMay 9, 2025August 19, 2025

Sports

Sheriff Scheffler’s Seismic Resurgence: First 2025 Win Secured, PGA Championship Looming

by USNN World NewsMay 8, 2025May 8, 2025

NATIONAL NEWS

Will the 2024 Election Be Secure? Presidential Candidates Weigh In

By Lawrence Wilson Ballot harvesting. Stuffing ballot boxes. Tampering with voting equipment. Stealing ballots. Censoring candidates. These were some of the concerns raised, notably by ...

Kevin McCarthy Says Hunter Biden’s Plea Deal Could Create Even More Legal Trouble

By Jack Phillips House Speaker Kevin McCarthy (R-Calif.) said that the Department of Justice’s deal with Hunter Biden could trigger more legal trouble for the ...

IRS Whistleblower in Hunter Biden Tax Probe Reveals Identity, Says IRS ‘Slow-Walked’ Investigation

By Ryan Morgan An insider at the Internal Revenue Service (IRS) has revealed himself by name for the first time after filing an anonymous whistleblower ...

Federal Election Grants May Have Helped Democrats in 2020, Say Republicans

By Steven Kovac A 2002 federal election law and the agency it created may have played a role in turning out votes for Joe Biden in ...

Hunter Biden Pleads Guilty to Federal Charges

By Zachary Stieber President Joe Biden’s son has pleaded guilty to federal crimes, U.S. prosecutors said on June 20. Hunter Biden, 53, has admitted to intentionally ...

DA Alvin Bragg Sued After Refusing to Release Trump Case Records

By Jack Phillips Manhattan District Attorney Alvin Bragg was sued by a conservative organization in a bid to turn over prosecution records relating to the ...

New Details Emerge on US Government Spying on Americans

By Tom Ozimek New details have emerged on the U.S. government spying on citizens following the release of a bombshell report showing that intelligence agencies ...

Barr Says He’d Testify Against Trump in Documents Case if Asked

By Joseph Lord Former Attorney General Bill Barr says he’d be willing to testify against former President Donald Trump in the ongoing case related to ...

After a Long Space Trip, Astronaut Brains Need a Rest

By University of Florida Frequent space travelers should wait three years after a longer mission to allow the physiological changes in their brains to reset, ...

DOJ Responds to House GOP Request for Information on Mar-a-Lago FBI Raid

By Jack Phillips The Department of Justice (DOJ) rejected a House Republican request to disclose information connected to the FBI’s search and raid of former ...

McCarthy Threatens to Block Funding of Visa Waivers for Chile Over Linked Burglaries

By Brad Jones SANTA ANA, Calif.—House Speaker Kevin McCarthy threatened to use the congressional spending bill to block funding of a visa waiver program for ...

US National Debt Hits All-Time High of $32 Trillion

By Mimi Nguyen Ly The U.S. national debt has surpassed $32 trillion for the first time in U.S. history, Treasury Department data released on June 17 showed. The ...