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

Machete Attack Near Times Square New Year’s Eve Celebration Leaves 2 NYPD Officers Injured, FBI Investigates

By Jack Phillips A man attacked three NYPD police officers with a machete on New Years Eve in New York City near Times Square celebrations, injuring two, officials said ...

Scalise Reveals First Legislation for Republican House, Vows ‘Bold Agenda’

By Tom Ozimek Incoming House Majority Leader Rep. Steve Scalise (R-La.) revealed a list of legislation that he will bring up for Republicans to consider ...

Arizona Appeals Court Ruling Harmonizes Conflicting Arizona Abortion Laws

By Caden Pearson The Arizona Court of Appeals ruled on Friday that doctors who perform abortions according to the state’s 15-week abortion ban can’t be prosecuted under a 1901 ...

Coal, Gas Lead 2022 Commodities Rally; Recession Fears Greet New Year

By Reuters SINGAPORE—Coal and natural gas markets were poised on Friday to end 2022 with strong gains after a global energy crisis triggered by the ...

Kari Lake Ally Announces Motion to Delay Arizona AG Inauguration

By Jack Phillips Abraham Hamadeh announced he would file a motion to delay the inauguration of the next Arizona attorney general after a judge announced ...

Twitter’s COVID-19 Censorship Led to Loss of Life, Says Former White House Adviser Dr. Scott Atlas

By Katie Spence When discussing censorship, there are often “vague implications” on the effects of that restriction. But by censoring medical science and health policy, “you ...

Trump’s Tax Returns Released by House Democrats

By Jack Phillips The House Ways and Means Committee on Friday released six years of Donald Trump’s taxes, ending several years’ worth of protracted court battles over releasing ...

Google Must Face Privacy Lawsuit for Tracking Children Without Parental Consent: Appeals Court

By Naveen Athrappully Google is set to face a class action lawsuit that accuses the tech behemoth of collecting information and tracking children’s behavior online ...

January 6 Committee Withdraws Subpoena for Trump

By Tom Ozimek The Jan. 6 House select committee withdraw its subpoena of former President Donald Trump, which prompted a victory lap from his attorney and the former ...

US Virgin Islands Sues JPMorgan Chase for Allegedly Aiding Jeffrey Epstein’s Sex Trafficking Scheme

By Katabella Roberts The U.S. Virgin Islands is suing JPMorgan Chase & Co. over allegations that the banking giant aided convicted pedophile Jeffrey Epstein in illegally sex trafficking ...

US Chip Ban on China Requires Strict Enforcement to Thwart Circumvention by Beijing: Experts

By Venus Upadhayaya While many have credited the Biden administration’s extensive export bans on semiconductor technology to China as dealing a huge blow to the ...

UFO Topic Continues to Stir Debate With More Sightings, Studies

By Allan Stein FLAGSTAFF, Ariz.—The truth about unidentified flying objects (UFOs) is still out there. Yet every so often, the Lowell Observatory in Flagstaff, Arizona, gets ...