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

Twitter Suspends Media Site’s Account for Posting Video of Congressman Criticizing Big Pharma

By Jack Phillips Media company Grabien News has been suspended by Twitter for posting a video of a U.S. congressman criticizing pharmaceutical corporations, its founder said. Grabien founder ...

Statistics Show America’s Education System is Failing: CRT and Lower Expectation Equals Fewer Literate Graduates, Expert Says

By Patricia Tolson According to government statistics, America’s education system is failing. According to one expert, lower expectations and the shift in focus from academic excellence in ...

More Than 2,200 Flights Canceled on Jan. 2 Amid COVID-19 Staffing Issues, Snowstorm

By Jack Phillips More than 2,200 flights have been canceled on Jan. 2, the day after New Year’s, amid staffing shortages and poor weather conditions in some ...

Texas Audit Finds Over 11,000 Potential Non Citizens Registered to Vote, Other Problems

By Darlene McCormick Sanchez Voting irregularities—including potentially thousands of votes cast by non-citizens and the dead—were reported during the first phase of the Texas Secretary of State’s forensic audit of ...

2022 California Congressional Candidate Amy Phan West Running Against Socialism

By Masooma Haq Amy Phan West is running in the 2022 midterm elections to unseat progressive Rep. Katie Porter (D-Calif.) in California’s 45th congressional district. Pham West ...

206 Marines Kicked Out for Refusing COVID-19 Vaccines

By Harry Lee The Marine Corps has separated 206 Marines for not getting the COVID-19 vaccine, the military branch announced Thursday. Active-duty Marines had a deadline to get ...

From Bitcoin to Gold: A Peek at Real Assets in 2022

By Andrew Moran Many assets, from Bitcoin to gold to wheat, enjoyed a tremendous rally in 2021. Can these assets repeat their strong performances in 2022? This past ...

Highly Vaccinated Luxury Cruise Ship Won’t Return to New York Amid COVID-19 Concerns

By Jack Phillips A luxury cruise ship with more than 1,000 on board won’t come back to New York City amid COVID-19 concerns. The Queen Mary 2, the ...

Twitter Suspends Key mRNA Vaccine Contributor Dr. Robert Malone

By Jack Phillips Dr. Robert Malone, a key contributor to mRNA vaccine technology and an outspoken critic of COVID-19 mandates and rules, was suspended by Twitter. Writing on his ...

CNN Says Producer Resigned Same Day Allegations of Potential Child Abuse Surfaced

By Zachary Stieber CNN producer Rick Saleeby resigned on Dec. 15, the same day CNN was made aware of allegations that he fantasized about abusing a ...

Arizona Drug Bust Nets 1.7 Million Deadly Fentanyl Tablets, Fake Pills

By Allan Stein A joint federal and local drug task force seized in mid-December a record 1.7 million fentanyl pills in a sweeping crackdown on illegal drugs ...

Judge for Ghislaine Maxwell Trial ‘Trying to Avoid a Mistrial’ Over Omicron

By Dave Paone NEW YORK CITY—The judge presiding over the Ghislaine Maxwell sex trafficking trial has asked jurors to continue attending court ahead of the New Years ...