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

‘On a Mission to Rescue the America We Love’: Highlights of Trump Rally in North Carolina

By Tom Ozimek Former President Donald Trump rallied in North Carolina on Sept. 23, seeking to build support for candidates he has endorsed while denouncing “radical left” ...

‘Meaningful Penalties’: Bill Banning Members of Congress and SCOTUS From Stock Trading Takes Shape

By Tom Ozimek Long-anticipated legislation that would ban lawmakers and other senior government officials from trading stocks got a boost on Thursday, as House Democrats released a legislative ...

Trump Lawyers Float Proposal for Access to Documents Seized From Mar-a-Lago

By Zachary Stieber Lawyers for former President Donald Trump on Sept. 23 proposed restrictions on access to documents seized from Mar-a-Lago in August, and penalties for people ...

GOP to Immediately Repeal Hiring of 87,000 IRS Agents If Republicans Flip House: McCarthy

By Zachary Stieber Republicans will immediately move to reverse the Biden administration’s hiring of 87,000 IRS agents if they flip the House of Representatives in ...

Mike Lindell’s FBI Phone Seizure Warrant Reveals Why DOJ Investigating MyPillow CEO

By Katabella Roberts MyPillow CEO Mike Lindell is being investigated by the Justice Department (DOJ) over alleged identity theft and damage to a protected computer relating to an alleged breach ...

Top Florida Democrat Endorses Ron DeSantis, Says ‘Too Much Is on the Line’

By Jack Phillips A top Democrat in Palm Beach County, Florida, endorsed Gov. Ron DeSantis for governor by saying there is “too much on the line” ...

Venezuela Empties Prisons and Sends Criminals to US Border: House Republicans

By Frank Fang Venezuela is deliberately releasing prisoners, among them violent criminals, and has them travel to the U.S. southern border, a development that prompted ...

Judge in Trump Records Case Blocks Special Master From Viewing Materials With Classified Markings

By Zachary Stieber The U.S. judge in charge of disputes over records seized from former President Donald Trump’s home on Sept. 22 blocked the special master she appointed ...

Alan Dershowitz: New York AG Should Be Removed From Trump Family Investigation

Jack Phillips Legal scholar Alan Dershowitz suggested that former President Donald Trump should move to have New York Attorney General Letitia James recused and disqualified from the investigation into ...

Justice Department Failed to Report Nearly 1,000 Deaths in State and Local Prisons: Senate Committee

By Katabella Roberts A probe by the Senate’s Permanent Subcommittee on Investigations and the Government Accountability Office has found that the Department of Justice (DOJ) ...

New York AG Files Civil Lawsuit Against Trump, Former President Responds

By Jack Phillips New York Attorney General Letitia James on Wednesday filed (pdf) a civil lawsuit against former President Donald Trump, the Trump Organization, three of his children, ...

China Weaponizes Fentanyl Issue Against America: Expert

By Hannah Ng and Tiffany Meier China has played a key role in flooding America with fentanyl, and the regime is now weaponizing the drug issue against the United ...