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, 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

‘We’re Preparing to Restart Repayment’: Education Secretary on Federal Student Loans

By Naveen Athrappully Secretary of Education Miguel Cardona revealed during a recent hearing that the Biden administration is preparing to restart the payment of federal student ...

Federal Judge Rules 18- to 20-Year-Olds Cannot Be Barred From Buying Handguns

By Jack Phillips A federal judge in Virginia ruled that 18-to-20-year-old residents cannot be barred from purchasing handguns, arguing that such regulations aren’t in accordance ...

Ex-CIA Chief Testified Hunter Biden Laptop Letter Was Purely Political: Jordan

By Samantha Flom Former CIA Director John Brennan privately testified before a House Judiciary Committee panel that the letter he and 50 other current and ...

Trump Lays out 2024 Policy Agenda at CNN Town Hall

By Mimi Nguyen Ly Former President Donald Trump on Wednesday presented his vision for the country as he fielded questions from voters and a CNN moderator ...

Manchin Vows to Block Biden EPA Nominees Over Upcoming Power Plant Rules

By Nathan Worcester As the Biden administration’s Environmental Protection Agency (EPA) prepares to issue stringent new power plant rules, Sen. Joe Manchin (D-W.Va.), is putting ...

RFK Jr. Responds to Speculation About Becoming Trump’s Vice President in 2024

By Jack Phillips Democrat presidential candidate Robert F. Kennedy, Jr. responded to speculation that he could become former President Donald Trump’s 2024 running mate in ...

McCarthy Criticizes Biden’s Possible Use of 14th Amendment to Override Debt Limit

By Tom Ozimek House Speaker Kevin McCarthy (R-Calif.) on Tuesday criticized President Joe Biden’s veiled threat to invoke the 14th Amendment as a way to ...

ANALYSIS: Tucker Carlson’s Firing Underscores Legacy Media Divorce From Americans, Media Insiders Say

By Petr Svab News Analysis American corporate media are becoming increasingly disconnected from the concerns and aspirations of Americans. According to several media insiders who’ve explored ...

Tucker Carlson Announces He’s Launching New Show on Twitter

By Jack Phillips Former Fox News host Tucker Carlson released a video on Tuesday afternoon saying he will bring a new show to Twitter. “Starting soon, ...

Bank Records Show Biden Family Received $10 Million in Payments From China, Foreign Interests: House Oversight

By Mark Tapscott A host of Banking and other records made public Wednesday by House Committee on Oversight and Accountability Chairman James Comer (R-Ky.) depict ...

Homeland Security Portrays White Conservatives as Radical Threats in Training Documents

By Naveen Athrappully America First Legal (AFL) has released documents obtained from the U.S. Department of Homeland Security (DHS) showing that the agency has conducted ...

Public Confidence in Fed Chair Jerome Powell Is at Record Low

By Andrew Moran The American people are losing confidence in Federal Reserve Chair Jerome Powell’s leadership as the U.S. economy grapples with crushing inflation and ...