USNN World News

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

Healthcare

Magnesium Could Relieve Fibromyalgia and Migraines, and How It Works

by USNN World NewsMay 7, 2025May 17, 2025

Healthcare

Different Dietary Proteins Alter the Gut Microbiome Environment

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NATIONAL NEWS

Sanders, Harris and Booker stump at church whose pastor said being gay is ‘enough to send you to hell’

By Andrew O’Reilly | Fox News Three leading Democratic presidential candidates – all ardent supporters of LGBTQ rights – have made campaign stops in the last two ...

Trump slams Google over alleged political bias: We’re watching ‘very closely’

By James Rogers | Fox News President Trump has slammed Google and its CEO Sundar Pichai in the wake of recent allegations of anti-conservative bias at the tech giant. In a series ...

New York Times headline of Trump’s remarks on mass shootings ignites backlash

By Gerren Keith Gaynor | Fox News A New York Times headline about President Trump’s remarks on the recent mass shootings in El Paso and Dayton drew condemnation online ...

WSJ: The Dayton killer was a left-winger, but don’t blame Elizabeth Warren

By Wall Street Journal Editorial Board | The Wall Street Journal Police in Dayton say they’re still seeking a motive for Connor Betts’ shooting spree that killed nine people, ...

2020 sweepstakes: Dem candidates compete to give away billions in taxpayer $$

By Ronn Blitzer | Fox News “Medicare-for-all” and free community college are just the starting point. Some candidates vying for the Democratic presidential nomination are going beyond promising gobs of ...

‘Hypocrite!’ Joe Biden Calls For Border Fence ’40 Stories High’ In Unearthed Clip

By Baxter Dmitry Democratic presidential nominee Joe Biden is being called a hypocrite by people on both sides of the political divide after a video ...

Trump to visit El Paso mass shooting site, in spite of Dems’ warning to stay away

By Gregg Re | Fox News El Paso, Texas, Mayor Dee Margo told reporters on Monday that President Trump will visit the city on Wednesday, even as several ...

California sued over law blocking Trump from ballot unless he releases tax returns

By Gregg Re | Fox News Four voters in California, along with the conservative transparency group Judicial Watch, announced Monday they have filed a federal lawsuit against the left-wing state, alleging ...

Trey Gowdy gets emotional responding to mass shootings: ‘Right to bear arms doesn’t matter if you’re dead’

By Fox News Staff | Fox News Fox News contributor and former Rep. Trey Gowdy said Sunday that “the right-to-life is the most fundamental, basic, primary right that we have. It ...

El Paso shooting fatalities now at 22 after victim dies at hospital Monday morning, police say

By Nicole Darrah | Fox News Two more victims of Saturday’s mass shooting in El Paso died on Monday morning, raising the number of fatalities in the ...

Dayton gunman may have had up to 250 rounds of ammunition, unclear if sister targeted, police chief says

By Travis Fedschun | Fox News The gunman behind the attack in Dayton, Ohio that left nine dead may have had enough ammunition to inflict much more suffering before his rampage was cut short by ...

Trump condemns ‘white supremacy,’ calls for mental health and gun reforms after double mass shootings

By Brooke Singman | Fox News “We need to acknowledge that this is a problem,” Buttigieg said, claiming white nationalism has been “condoned at the highest levels” ...