Articles by USNN World News

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

Sports

Sheriff Scheffler’s Seismic Resurgence: First 2025 Win Secured, PGA Championship Looming

by USNN World NewsMay 8, 2025May 8, 2025

World

Trump Says Upcoming US–China Trade Talks Could Result in Tariff Reductions

by USNN World NewsMay 8, 2025May 8, 2025

Economy

Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April

by USNN World NewsMay 8, 2025May 12, 2025

World

What We Know About the India–Pakistan Conflict

by USNN World NewsMay 8, 2025June 26, 2025

Breaking News

Robert Francis Prevost Elected as First American Pope

by USNN World NewsMay 8, 2025May 8, 2025

NATIONAL NEWS

Trump Wants ‘Immediate’ Re-Do of 2020 Election After New FBI Revelations

By Jack Phillips Former President Donald Trump said the 2020 election needs to be re-done following recent disclosures about how the FBI influenced reporting about Hunter Biden’s laptop. “So ...

Lindsey Graham Warns There Will Be ‘Riots’ If Trump Is Prosecuted

By Jack Phillips Sen. Lindsey Graham (R-S.C.) warned there may be “riots in the streets” if former President Donald Trump is prosecuted amid an investigation into allegedly ...

Biden Should Apologize for Calling MAGA movement ‘Semi-Fascism’: New Hampshire Governor

By Bill Pan New Hampshire Gov. Chris Sununu on Sunday said President Joe Biden should apologize for labeling Republicans who support the “Make America Great Again” movement ...

Ex-FBI Intelligence Chief Says DOJ Has ‘No Case’ Against Trump

By Jack Phillips A former assistant director in the FBI said he believes the affidavit used to obtain a search warrant of former President Donald Trump’s Mar-a-Lago reveals ...

Trump: FBI Raid ‘Political’ Interference Ahead of 2022 Elections

By Jack Phillips Former President Donald Trump accused the FBI and Department of Justice of engaging in political interference ahead of the 2022 midterm elections and possibly even the ...

Biden Responds to Trump’s Declassification Order Claims

By Jack Phillips President Joe Biden issued a response to assertions made by former President Donald Trump and his team that he declassified materials that were taken to Mar-a-Lago, ...

Judge Signals Intent to Back Trump’s Request for Mar-a-Lago Special Master

By Eva Fu and Roman Balmakov A federal judge on Aug. 27 announced a preliminary intent to appoint a neutral third party to review documents ...

1,100 Scientists and Professionals Declare: ‘There Is No Climate Emergency’

By Allen Stein More than 1,100 scientists and professionals worldwide have signed a World Climate Declaration (WCD) stating that there is no climate emergency. The independent ...

National File Publisher: Case Against Florida Pair Proves Ashley Biden Diary Is Legitimate

By Zachary Stieber The cases brought against two Florida residents for their handling of property belonging to President Joe Biden’s daughter prove that a document ...

Former Director of National Intelligence: Nothing in Affidavit Supported ‘Extreme’ FBI Trump Raid

By Zachary Stieber No portions of the redacted search warrant affidavit supported the Biden administration taking the unprecedented step of raiding a former president’s home, ...

New Whistleblower Claims FBI Leaders Delayed Hunter Biden Investigation: Sen. Johnson

By Jack Phillips Another FBI whistleblower has come forward to say that the bureau delayed its investigation into Hunter Biden’s laptop hard drive, according to a Senate Republican ...

Trump: Affidavit Shows Search Warrant Never Should Have Been Approved

By Zachary Stieber The newly released affidavit that prompted a judge to approve a search warrant for former President Donald Trump’s home in Florida shows the warrant should ...