USNN World News

Economy

Student Loan Delinquencies Soar as Pandemic-Era Protections Expire

by USNN World NewsMay 13, 2025October 29, 2025

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

NATIONAL NEWS

Trump Supporters Celebrate His 78th Birthday, Set Aside Legal Woes

By Janice Hisle WEST PALM BEACH, Fla.—Thousands of former President Donald Trump’s fans flocked here for a star-spangled celebration of Flag Day and his 78th ...

Appeals Court Rejects Biden Admin’s Transgender Student Directive

By Tom Ozimek An appeals court on Friday denied the Biden administration’s attempt to revive a directive that would have required schools to let transgender ...

Tech Insider Explains Why Some in Silicon Valley Are Turning to Trump

By Nathan Worcester SAN FRANCISCO—Jacob Helberg didn’t start out as a big fan of former President Donald Trump. In his 2021 book, “The Wires of War,” ...

Jury Finds Hunter Biden Guilty on All 3 Charges in Gun Trial

By Jacob Burg Hunter Biden was found guilty on all charges in his gun trial on June 11, becoming the first child of a sitting ...

What to Watch in the June 11 Primaries

By John Haughey, Joseph Lord and Jackson Richman Voters in five states will cast ballots on June 11 in party nomination contests for one governorship, ...

RFK Jr. Inching Closer to Qualifying for CNN’s June 27 Presidential Debate

By Jeff Louderback Robert F. Kennedy Jr. is simultaneously working to get on the ballot in all 50 states and the District of Columbia, and ...

Some California Retail Workers Wear Body Cameras to Deter Theft

By Rudy Blalock Employees at some TJ Maxx, Marshalls, or HomeGoods stores may be wearing body cameras to deter thieves, according to a recent earnings ...

Judge Alerts Trump, Manhattan DA of Possible Jury Confidentiality Breach

By Catherine Yang New York Supreme Court Justice Juan Merchan on June 7 alerted counsel for former President Donald Trump and the Manhattan District Attorney ...

US Could Deploy More Nuclear Weapons Amid China, Russia Threats: Official

By Andrew Thornebrooke The Biden administration may seek to deploy additional nuclear weapons amid increasing aggression by China and Russia, according to one official. Expanding the ...

Trump Campaign Launches Major Mail-In Ballot Initiative Ahead of 2024 Election

By Jack Phillips Former President Donald Trump announced he’s launching a move to increase and encourage Republican early voting as well as the use of ...

After Trump Verdict, Swing State Poll Shows How It Impacts Voters’ Decisions

By Jack Phillips Days after former President Donald Trump was found guilty by a Manhattan jury, a poll in a 2024 battleground state shows that ...

Hallie Biden Testifies Hunter Biden Was Using Drugs During Period He Bought Gun

By Jacob Burg and Stacy Robinson WILMINGTON, Del.—Prosecutors called Hallie Biden to testify on June 6, the fourth day of Hunter Biden’s federal gun trial, ...