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

Trump Spends 7 Hours Answering Questions in Deposition for $250 Million Fraud Lawsuit

By Katabella Roberts Former President Donald Trump spent nearly seven hours on April 13 answering questions during his second deposition as part of a $250 million fraud ...

Absentee Voting From Abroad Presents Myriad of Fraud Vulnerabilities in US Elections

By Beth Brelje Preliminary election results announced right after an election often include the caveat that officials still need to count the overseas military ballots ...

Defamation Suit Against Trump Funded by Democrat Megadonor, Lawyer Says

By Gary Bai Former President Donald Trump is questioning the “bias and motive” behind a defamation suit against him by a New York writer after ...

Catalytic Converter Conundrum Continues Across the US

By Travis Gillmore Catalytic converter thefts are creating havoc in cities across the country, with thousands of drivers victimized and forced to pay for costly ...

Customers Stop Ordering Bud Light, Says Country Singer and Bar Owner

By Naveen Athrappully The public backlash against Bud Light is growing after the company featured transgender activist Dylan Mulvaney in a promotional campaign, according to ...

Trump Files Motion to Dismiss $30 Million Lawsuit in Death of Officer Brian Sicknick

By Joseph M. Hanneman Former President Donald Trump has filed a motion in federal court to dismiss the $30 million wrongful-death lawsuit brought by the ...

Soros-Backed Prosecutor Fights Attempt to Oust Her From Office

By Janice Hisle A Missouri prosecutor wants a judge to toss out the state attorney general’s unusual attempt to oust her from her elected position. St. ...

Banking Turmoil Caused by SVB Mismanagement, Not Trump-Era Rollbacks: FDIC Official

By Andrew Moran Former President Donald Trump’s loosening of rules in the banking sector in 2018 “had nothing to do with” the failure of Silicon ...

Sen. Tim Scott Launches Presidential Exploratory Committee for 2024 Election

By Savannah Hulsey Pointer Sen. Tim Scott (R-S.C.) announced on April 12 that he’s forming a presidential exploratory committee for 2024, making him one of ...

Trump Sues Former Lawyer Michael Cohen for $500 Million

By Gary Bai Former President Donald Trump filed on Wednesday a civil complaint against his former lawyer Michael Cohen for more than $500 million in ...

Biden Admin Unveils Toughest-Ever Car Emissions Rule in Bid to Force Surge in EV Purchases

By Lawrence Wilson President Joe Biden further accelerated the nation’s switch to electric vehicles by announcing two proposed federal rule changes aimed at reducing greenhouse ...

Court Rejects Bragg’s Request for Restraining Order Against Jordan

By Zachary Stieber Manhattan District Attorney Alvin Bragg’s urgent request to enter a restraining order against Rep. Jim Jordan (R-Ohio) was rejected on April 11, ...