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

Jeffrey Epstein’s One-Time New York Cellmate Convicted of Quadruple Murder

By Bill Pan A former New York police officer who shared a jail cell with Jeffrey Epstein at the time of the notorious sex trafficker’s ...

Trump Indictment ‘Totally Erroneous,’ Sets ‘Bad Precedent’ for the Nation: GOP Leaders

By Samantha Flom and Steve Lance Days after former President Donald Trump pleaded not guilty to falsification of business records charges, his indictment by a Manhattan grand jury continues to ...

IRS Chief Reveals Hiring Plan for Armed Agents

By Tom Ozimek IRS Commissioner Daniel Werfel on Thursday provided details about plans to hire armed agents in the agency’s criminal investigations division, amid Republican ...

DeSantis Administration Vows to Fight Biden’s Pro-Trans Rule in Girls’ Sports

By Tom Ozimek Florida Gov. Ron DeSantis’ administration has sharply criticized the Biden administration’s proposed new regulations that would ban schools from enforcing prohibitions on ...

US Lawmakers Invite South Korean President to Address Congress

By Lawrence Wilson Leaders from both houses of Congress have invited the president of South Korea to address a joint meeting of Congress, a move ...

Maryland AG’s Report Reveals Tragic Scope of Alleged Sex Abuse in Baltimore Archdiocese

By Masooma Haq Maryland Attorney General Anthony Brown has finally released a report detailing eight decades of alleged sexual abuse by more than 150 Catholic ...

Alan Dershowitz Issues Warning on Chances of a Trump Acquittal in Manhattan

By Jack Phillips Retired Harvard Law professor Alan Dershowitz warned Wednesday that former President Donald Trump may not get acquitted in New York City amidst ...

Rep. Jordan Subpoenas Former Manhattan Prosecutor Who Pushed for Trump Indictment

By Joseph Lord House Judiciary Chairman Jim Jordan (R-Ohio) has subpoenaed a former Manhattan prosecutor who pushed for an indictment against former President Donald Trump. ...

Robert F. Kennedy, Jr. Announces 2024 Presidential Bid

By Gary Bai and Jan Jekielek Robert F. Kennedy, Jr., best known for his positions on environmental law and vaccine safety, filed the paperwork to ...

Official Chinese Spy Balloon Narrative Comes Under Fire From GOP Lawmakers

By Jack Phillips A growing number of Republicans are calling on the federal government to provide more information about a Chinese balloon that traversed across ...

Legal Experts Break Down Flaws in Trump Indictment

By Gary Bai NEW YORK—Following the unsealing of the indictment against former President Donald Trump on Tuesday, legal experts say the charges laid out in ...

Pelosi’s Tweet Reveals the Real Intentions Behind Trump’s Indictment

By Rajan Laad The reaction to the unprecedented indictment of President Trump was predictable. Most of Trump adversaries responded with unrestrained jubilation. The former director of the ...