Articles by USNN World News

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

FEMA Confirms Acting Administrator Hamilton Has Been Replaced

by USNN World NewsMay 9, 2025August 19, 2025

NATIONAL NEWS

Attorney General Appoints Special Counsel to Investigate Documents Found at Biden’s Home, Office

By Zachary Stieber Attorney General Merrick Garland on Jan. 12 appointed a special counsel to investigate whether any person or group broke the law in the handling ...

Rush to Renewables a Risky Gamble for America’s Electric Grid

By Kevin Stocklin Government policies are pushing ever more Americans on to the U.S. electric grid even as the climate-change experiment makes the grid increasingly ...

Classified Documents Found in Biden’s Home: President’s Lawyer

By Zachary Stieber Classified documents from the Obama-Biden administration were found in a second location linked to President Joe Biden, a lawyer for the president said ...

COVID-Narrative Dissenters File Antitrust Action Against Legacy Media Over Coordinated Censorship

By Bill Pan A coalition of outspoken critics and skeptics of the mainstream narratives on COVID-19 has brought an antitrust lawsuit against some of the ...

‘This Is Election Interference’: House Oversight Veteran on Biden Classified Documents

By Nathan Worcester A House Oversight Committee veteran said the delay in publicizing President Joe Biden’s retention of classified documents from his time as vice president amounts ...

Comer Presses Treasury to Hand Over Records of ‘Suspicious Business Transactions’ as Biden Family Investigation Moves Forward

By Tom Ozimek The new chair of the House Oversight Committee has requested information from the Department of the Treasury on the Biden family’s and ...

Trump Believes Biden Knew About Classified Documents at Former Office Before Discovery in November

By Frank Fang Former President Donald Trump is questioning the timeline of the November discovery of classified documents at the Penn Biden Center, a revelation made by ...

House Will Vote on Bill to Abolish IRS, Replace Income Tax

By Andrew Moran The Republican-led House of Representatives will soon vote on legislation to abolish the IRS and replace the income tax code with a ...

House Creates Panel on ‘Weaponization of the Federal Government’

By Mimi Nguyen Ly The new Republican-majority House voted Tuesday afternoon to create a select subcommittee to investigate the “weaponization of the government” by federal law ...

House Panel Launches Investigation Into Biden’s Classified Document Stash

By Tom Ozimek The House Oversight Committee has launched an investigation into President Joe Biden’s handling of classified records from his time as vice president, following ...

Operations ‘Resuming Gradually’ After All Flights Grounded Across US: Federal Agency

By Tom Ozimek Operations in the United States are starting to resume after all flights across the country were grounded, the Federal Aviation Administration (FAA) ...

‘No Legal Difference’ Between Biden’s Classified Document Stash and Trump’s: Lawyer

By Tom Ozimek The White House’s disclosure that classified documents were found in an office President Joe Biden used before taking office has prompted comparisons ...