USNN World News

Immigration

Federal Grand Jury Indicts Wisconsin Judge Accused of Helping Illegal Immigrant Evade ICE

by USNN World NewsMay 13, 2025May 13, 2025

Economy

US Inflation Slows to Lowest Level Since February 2021

by USNN World NewsMay 13, 2025May 13, 2025

Economy

Markets Rally After US, China Announce 90-day Tariff Reductions

by USNN World NewsMay 12, 2025May 12, 2025

Healthcare

The Rise and Fall of Synthetic Food Dyes

by USNN World NewsMay 12, 2025August 20, 2025

Healthcare

Trump Signs Order Aimed at Cutting Drug Prices

by USNN World NewsMay 12, 2025July 12, 2025

Healthcare

Turmeric Lowers Blood Pressure–How to Get the Most out of It

by USNN World NewsMay 11, 2025May 11, 2025

Economy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

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

Immigration

Judge Warns Trump’s Order May Violate Previous Ruling on Sanctuary Cities

by USNN World NewsMay 10, 2025May 10, 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

Economy

Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April

by USNN World NewsMay 8, 2025May 12, 2025

Economy

How Major US Stock Indexes Fared May 7

by USNN World NewsMay 7, 2025May 7, 2025

NATIONAL NEWS

RFK Jr. Forms ‘We the People’ Political Party in Ballot Access Strategy

By Jeff Louderback Independent presidential candidate Robert F. Kennedy Jr. announced that his campaign has filed paperwork in six states to create its own political ...

Obama Appointee Says Fulton DA May Need to Resign Over Alleged Affair With Trump Prosecutor

By Jack Phillips A former U.S. attorney said that Fulton County district attorney Fani Willis should step down from the case targeting former President Donald ...

Trump Wins Iowa Caucus, On Track for Historic Landslide

By Janice Hisle DES MOINES, Iowa–Former President Donald Trump has captured the 2024 Iowa caucus, according to multiple early projections. The Associated Press declared a victory ...

Trump Leads by Wide Margin in Final Poll Ahead of Iowa Caucus

By Austin Alonzo Former President Donald Trump cemented his place as the top choice in Iowa, but Nikki Haley has risen to second place. On Jan. ...

Trump Now Has the Support of a Majority of Congressional Republicans

By Joseph Lord Former President Donald Trump hit a major milestone just a day ahead of the Iowa caucuses, winning the support of more than ...

US Military Intercepts Cruise Missile Targeting USS Laboon Warship

By Jack Phillips Yemen-based Houthis fired an anti-ship cruise missile toward a U.S. Navy warship on Sunday, military officials confirmed. A statement from the Central Command ...

Government Shutdown Will Disrupt 2024 Tax Filing Season: IRS Chief

By Naveen Athrappully Internal Revenue Service (IRS) Commissioner Danny Werfel warned that an impending shutdown of the federal government could negatively affect operations during the ...

Gun Bans in Post Offices Violate Second Amendment, Says Judge

By Naveen Athrappully A Florida judge ruled on Friday that the U.S. government’s decision to arrest an individual for possessing a firearm in a post ...

Voter Fraud Convictions Challenge Narrative of Secure Elections

By Steven Kovac Superior Court Judge William Clark nullified the results of a Democrat mayoral primary in November 2023 and ordered a new election. The ...

Kari Lake Uplifts Ailing Father of 12 Who Urged Family: Help Trump ‘Save America’

By Janice Hisle DES MOINES, Iowa–After learning about Tim Krachenfels’ illness–and about his family’s dedication to former President Donald Trump’s campaign–Trump ally Kari Lake was ...

Winter Freeze Could Chill Iowa Caucus Turnout

By John Haughey WAVERLY, Iowa—The blizzard blasting across Iowa Friday is expected to taper off early Saturday and be old news by the time voters ...

House Judiciary Committee Launches Inquiry Into Fani Willis’ Special Trump Prosecutor

By Tom Ozimek Nathan Wade, the special prosecutor playing a leading role in the election interference case against former President Donald Trump in Georgia, is ...