USNN World News

Immigration

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

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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

The Legal Cases Against Trump Explained

By Petr Svab Former President Donald Trump is running for the White House while facing three indictments and one more criminal investigation. Never before has ...

Trump Indicted on Jan. 6 Charges

By Janice Hisle Former President Donald Trump has been indicted on a third set of felony charges relating to the events of Jan. 6, 2021, ...

Fetterman Reveals Trump Still Strong in Pennsylvania: ‘Trump Signs Everywhere’

By Jack Phillips Sen. John Fetterman (D-Pa.) stated that former President Donald Trump still enjoys significant support in Pennsylvania, adding that he sees “Trump signs ...

IRS Wants State Help With New Tax Return E-Filing Pilot Amid Privacy Concerns

By Tom Ozimek The Internal Revenue Service (IRS) is asking states for assistance with test-driving a new electronic free-file tax return system that will help ...

Biden Rejects Trump-Era Plan to Relocate Space Command HQ From Colorado to Alabama

By Bill Pan The headquarters of U.S. Space Command will remain in Colorado Springs, Colorado, instead of moving to Huntsville, Alabama, the White House confirmed ...

Tensions Rise in Georgia as Trump Case Decision Is Promised During August

By Janice Hisle For months, a Georgia prosecutor has been signaling that indictments could be on the horizon for former President Donald Trump and his ...

Trump Says He’s Expecting Jan. 6 Charges ‘Any Day Now’

By Catherine Yang Former President Donald Trump wrote on Truth Social on Monday that he is expecting an indictment from the Jan. 6, 2021, Capitol breach investigation ...

Confidence in US Military at Lowest Point in 26 Years: Gallup Poll

By Ryan Morgan Confidence in one of the most trusted institutions in the United States, the military, has fallen to its lowest point in more ...

Biden Had ‘Casual’ Conversations With Son’s Business Associates on Multiple Occasions, Devon Archer Tells Lawmakers

By Joseph Lord and Jackson Richman Devon Archer, an associate of Hunter Biden, informed members of the House Oversight and Accountability Committee on July 31 ...

Devon Archer, Key Hunter Biden Associate, Arrives to Testify to Congress

By Zachery Stieber A key associate of President Joe Biden’s son Hunter Biden arrived on Capitol Hill in Washington on July 31 to testify to ...

Energy Industry Fears White House Will Declare COVID-Like ‘Climate Emergency’

By Jack Phillips Some energy industry groups are expressing concern that the White House will declare a COVID-19-like emergency—but for the climate instead. “They’re leaning to ...

Trump: Mar-a-Lago Tapes ‘Were Not Deleted’

By Jack Phillips Former President Donald Trump categorically denied that he ordered the deletion of security footage at his Mar-a-Lago resort, coming after special counsel ...