• About Us
    • Advertise With Us
    • Contact Us
    • News Archives – View All Posts
    • Privacy Policy
    • Terms of Use
    • Real News, Real Time, Real Struggle: How I Built a Global News Platform Against All Odds
  • White House
    • The Articles of Confederation
    • The Bill of Rights
    • The Declaration of Independence
    • United States Constitution
    • Office of the Historian
    • POTUS
  • Executive
    • The Cabinet
    • Department of Agriculture
    • Department of Commerce
    • Department of Defense
    • Department of Education
    • Department of Energy
    • Department of Health and Human Services
    • Department of Homeland Security
    • Department of Housing and Urban Development
    • Department of the Interior
      • National Park Service
        • Mount Rushmore National Memorial
        • Yellowstone National Park
          • The Mammals of Yellowstone
    • Department of Justice
    • Department of Labor
    • Department of State
    • Department of the Treasury
    • Department of Transportation
    • Department of Veterans Affairs
  • Judicial
    • Federal Courts & the Public
    • Supreme Court
    • SCOTUS
    • US Court Website Links
  • Legislative
    • United States House of Representatives
    • United States Senate
    • Congress
  • Dear Mary
  • Login
  • Support Our Publication
  • Twitter
  • FaceBook
Skip to content
  • Twitter
  • FaceBook
USNN World News

USNN World News

Real News, Real Time

  • About Us
    • Advertise With Us
    • Contact Us
    • News Archives – View All Posts
    • Privacy Policy
    • Terms of Use
    • Real News, Real Time, Real Struggle: How I Built a Global News Platform Against All Odds
  • White House
    • The Articles of Confederation
    • The Bill of Rights
    • The Declaration of Independence
    • United States Constitution
    • Office of the Historian
    • POTUS
  • Executive
    • The Cabinet
    • Department of Agriculture
    • Department of Commerce
    • Department of Defense
    • Department of Education
    • Department of Energy
    • Department of Health and Human Services
    • Department of Homeland Security
    • Department of Housing and Urban Development
    • Department of the Interior
      • National Park Service
        • Mount Rushmore National Memorial
        • Yellowstone National Park
          • The Mammals of Yellowstone
    • Department of Justice
    • Department of Labor
    • Department of State
    • Department of the Treasury
    • Department of Transportation
    • Department of Veterans Affairs
  • Judicial
    • Federal Courts & the Public
    • Supreme Court
    • SCOTUS
    • US Court Website Links
  • Legislative
    • United States House of Representatives
    • United States Senate
    • Congress
  • Dear Mary
  • Login
  • Support Our Publication
  • Highlights
  • Economy
  • Healthcare
  • Immigration
  • National Security & Defense
  • Department of Justice
  • Supreme Court
  • Congress
  • Opinion
  • National News
  • World

Tag: Economic Recession

In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending.

Markets Rally After US, China Announce 90-day Tariff Reductions
Posted inEconomy

Markets Rally After US, China Announce 90-day Tariff Reductions

USNN World Newsby USNN World NewsMay 12, 2025May 12, 2025
US Officials Say Deal Struck With China to Address Trade Deficit
Posted inWorld

US Officials Say Deal Struck With China to Address Trade Deficit

USNN World Newsby USNN World NewsMay 11, 2025June 4, 2025
Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty
Posted inEconomy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

USNN World Newsby 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.”
Posted inEconomy

Panasonic Announces 10,000 Layoffs Worldwide

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April
Posted inEconomy

Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April

USNN World Newsby USNN World NewsMay 8, 2025May 12, 2025
How Major US Stock Indexes Fared May 7
Posted inEconomy

How Major US Stock Indexes Fared May 7

USNN World Newsby USNN World NewsMay 7, 2025May 7, 2025
How Major US Stock Indexes Fared May 6
Posted inEconomy

How Major US Stock Indexes Fared May 6

USNN World Newsby USNN World NewsMay 6, 2025May 6, 2025
Oil Prices Sink After OPEC+ Agrees to Boost Production in June
Posted inEconomy

Oil Prices Sink After OPEC+ Agrees to Boost Production in June

USNN World Newsby USNN World NewsMay 5, 2025May 5, 2025
Market Review S&P 500 and Dow Achieve Nine-Day Rally
Posted inEconomy

Market Review: S&P 500 and Dow Achieve Nine-Day Rally

USNN World Newsby USNN World NewsMay 3, 2025May 3, 2025
Key Takeaways From the April Jobs Report
Posted inNational News

Key Takeaways From the April Jobs Report

USNN World Newsby USNN World NewsMay 2, 2025June 5, 2025
Trump Says Americans Should Be Patient After US Economy Contracts
Posted inEconomy

Trump Says Americans Should Be Patient After US Economy Contracts

USNN World Newsby USNN World NewsApril 30, 2025June 5, 2025
US Job Openings Slide to 6-Month Low, Layoffs Fall
Posted inEconomy

US Job Openings Slide to 6-Month Low, Layoffs Fall

USNN World Newsby USNN World NewsApril 29, 2025April 29, 2025

Posts pagination

Newer posts 1 … 8 9 10 11 12 … 79 Older posts

NATIONAL NEWS

  • Supreme Court Denies Bid to Expand No-excuse Mail-In Ballots in TexasSupreme Court Denies Bid to Expand No-excuse Mail-In Ballots in Texas
    By Tom Ozimek The U.S. Supreme Court has declined to hear a legal challenge to a Texas law that requires voters under the age of ...
  • House Passes $95 Billion Foreign Aid Package, Bill That Could Ban TikTokHouse Passes $95 Billion Foreign Aid Package, Bill That Could Ban TikTok
    By Jackson Richman and Joseph Lord The House of Representatives has passed legislation that would give financial assistance to American partners in the Indo-Pacific, Ukraine, ...
  • RFK Jr. Cashes $2 Million Check From VP PickRFK Jr. Cashes $2 Million Check From VP Pick
    By Austin Alonzo Independent presidential candidate Robert F. Kennedy Jr. closed March with access to more than $23.6 million in cash, according to newly released ...
  • Special Counsel David Weiss Opposes Hunter Biden’s Bid to Stall Gun TrialSpecial Counsel David Weiss Opposes Hunter Biden’s Bid to Stall Gun Trial
    By Caden Pearson Special counsel David Weiss on Friday opposed Hunter Biden’s attempt to halt district court proceedings concerning his gun charges, asserting that an ...
  • Man Sets Himself on Fire Outside Trump Trial CourthouseMan Sets Himself on Fire Outside Trump Trial Courthouse
    By Tom Ozimek A man set himself on fire across the street from a Manhattan courthouse just minutes after the full jury was selected in ...
  • RFK Jr. Responds to Family Members Endorsing BidenRFK Jr. Responds to Family Members Endorsing Biden
    By Jeff Louderback When around 15 members of the Kennedy family formally endorsed President Joe Biden in Philadelphia, the same city where Robert F. Kennedy ...
  • Bill Barr Responds to Trump Hush Money Trial: ‘Abomination’Bill Barr Responds to Trump Hush Money Trial: ‘Abomination’
    By Jack Phillips Former Attorney General William Barr said Wednesday that he believes the trial involving former President Donald Trump is an “abomination” and politicized. When ...
  • ‘Subpar’ Postal Service Should Raise Concerns Over Mail-In Ballots: USPS Oversight Commission Chair‘Subpar’ Postal Service Should Raise Concerns Over Mail-In Ballots: USPS Oversight Commission Chair
    By Mary Lou Lang As mail disruptions are reported across the United States, the chairman of the U.S Postal Regulatory Commission referred to the mail ...
  • House Delivers Mayorkas Impeachment Articles to SenateHouse Delivers Mayorkas Impeachment Articles to Senate
    By Mark Tapscott The House of Representatives on April 16 formally presented to the Senate two counts of impeachment against Secretary of Homeland Security Alejandro ...
  • California Sues City to Remove Voter ID Requirement for Local ElectionsCalifornia Sues City to Remove Voter ID Requirement for Local Elections
    By Rudy Blalock Huntington Beach’s recently approved measure requiring voter ID in local elections has prompted a legal challenge from top California leaders. Attorney General Rob ...
  • GOP Leaders in Pennsylvania Embrace Mail-In Voting, Drop BoxesGOP Leaders in Pennsylvania Embrace Mail-In Voting, Drop Boxes
    By Beth Brelje Voting has changed in the United States, and the Pennsylvania Republican Party wants voters to change with it by becoming mail-in voters. Elections ...
  • Americans Becoming More Concerned About Job Loss and Ability to Pay Off DebtAmericans Becoming More Concerned About Job Loss and Ability to Pay Off Debt
    By Patricia Tolson The fear among Americans about losing their jobs and being unable to pay their bills is at the highest level in years. Results ...
  • <<
  • 1
  • ...
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • ...
  • 543
  • >>
USNN World News
  • Twitter
  • FaceBook
  • About Us
  • Advertise With Us
  • Contact Us
  • Dear Mary
  • Invest in the Future of Digital Journalism
  • News Archives – View All Posts
  • Privacy Policy
  • Terms of Use
  • Support Our Publication
  • Arizona
  • California
  • Florida
  • Georgia
  • Michigan
  • Nevada
  • New Hampshire
  • New York
  • Oregon
  • Pennsylvania
  • Texas
  • Washington DC
  • Wisconsin
  • White House
  • Office of the Historian
  • The Articles of Confederation
  • The Bill of Rights
  • The Declaration of Independence
  • United States Constitution
  • United States House of Representatives
  • United States Senate
  • US National Debt Clock
  • Congress
  • Department of Government Efficiency (DOGE)
  • Department of Justice
  • Economy
  • Entertainment
  • Executive Branch
  • Immigration
  • Judicial Branch
  • Judicial Watch
  • Legislative Branch
  • Life, Nature and Tradition
  • National News
  • National Security & Defense
  • News Archives
  • Opinion
  • Sports
  • The Wall
  • United States
  • Weather
  • World
© 2025 USNN World News Corporation Powered by USNN World News Privacy Policy