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

New North Dakota Law Keeps Sex-Specific Bathrooms for People of That Sex

By Bill Pan North Dakota Gov. Doug Burgum has signed into law a bill that keeps access to bathrooms, locker rooms, and shower rooms to ...

Senate Votes to Overturn Biden Admin’s Truck Emissions Rule, With Support From Manchin

By Ryan Morgan The Senate passed a resolution on Wednesday to overturn a heavy-duty engines emissions rule implemented by President Joe Biden’s administration after Sen. ...

Growing Division Among California Democrats Stalls Fentanyl Bill Again Amid Fiery Protests by Victims’ Families

By Travis Gillmore SACRAMENTO—A series of outbursts echoed in the chambers of a Senate Public Safety Committee hearing on April 25 following comments indicating a ...

House Passes GOP Debt Limit Bill, Boosting McCarthy’s Position in Standoff With Biden

By Lawrence Wilson The House of Representatives approved a Republican plan to temporarily raise the debt ceiling while cutting future spending with a vote of ...

President Biden Holds Note With Reporter’s Question Before Calling on Her

By Mimi Nguyen Ly President Joe Biden on Wednesday was pictured holding a cheat sheet that showed he knew a reporter’s question in advance. The incident ...

Nebraska Governor Signs Bill to Enact Constitutional Carry Law

By Naveen Athrappully Nebraska’s Republican Gov. Jim Pillen signed a constitutional carry bill into law on April 25 that will allow law-abiding citizens to carry ...

Appeals Court Panel Rejects Federal Bump Stock Ban

By Ryan Morgan A federal appeals court has rejected an interpretation of law offered by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) that ...

Washington State’s Semiautomatic Weapon Ban Faces Multiple Legal Challenges

By Bill Pan A law prohibiting the future sale of so-called “assault weapons” in Washington has drawn multiple lawsuits since the moment Democrat Gov. Jay ...

Elon Musk Takes Aim at DNC’s ‘Backroom Dealing’ as Committee Remains Silent on Primary Debates

By Katabella Roberts Twitter CEO Elon Musk has accused the Democratic National Committee (DNC) of doing “far too much backroom dealing” amid reports that it won’t be ...

US, South Korea to Strengthen Ties to Address Nuclear Crises

By Emel Akan President Joe Biden will welcome South Korean President Yoon Suk Yeol to the White House on Wednesday, where both leaders are expected ...

Proposed Change to Florida’s ‘Resign-to-Run’ Law May Pave Way for DeSantis 2024 Bid

By Caden Pearson Florida state Sen. Travis Hutson has introduced a proposal to amend the state’s “resign-to-run” law, which would allow Gov. Ron DeSantis to ...

Poll Finds 65 Percent of American Voters Believe Undercover Agents Helped Incite Jan. 6 Rioting

By Joseph M. Hanneman An increasing majority of American voters believe the federal government had a role in inciting violence at the U.S. Capitol on ...