U.S. Steel to lay off up to 200 workers at Michigan plant: report

Twitter And Facebook Suspend China-Backed Propaganda Accounts Related To Hong Kong Protests

Twitter said Monday that it has suspended 936 accounts it said originated from within state-backed operations in China designed to spread disinformation related to the ongoing protests in Hong Kong. Facebook, meanwhile, said that based on its own investigation it removed several pages, groups and accounts for similar behavior, saying its investigation also found links to individuals associated with the Chinese government.

“Overall, these accounts were deliberately and specifically attempting to sow political discord in Hong Kong, including undermining the legitimacy and political positions of the protest movement on the ground,” Twitter said in a blog post.

It added that the accounts were part of a larger network of about 200,000 that were “proactively suspended before they were substantially active on the service.”

The campaign rooted out by Facebook “engaged in a number of deceptive tactics, including the use of fake accounts — some of which had been already disabled by our automated systems — to manage Pages posing as news organizations, post in Groups, disseminate their content, and also drive people to off-platform news sites,” Nathaniel Gleicher, Facebook’s head of cybersecurity policy, said in a post today.

The Hong Kong protests have drawn worldwide attention. Now in their 11th week, waves of pro-democracy demonstrators have been increasingly met by stiff resistance from police, while China has referred to them as radical, violent mobs.

Trump, Pakistan's Khan discuss reducing tension with India over Kashmir

WASHINGTON (Reuters) – U.S. President Donald Trump talked to Pakistani Prime Minister Imran Khan on Monday about the need to reduce tensions with India over Kashmir and avoid steps that might escalate the crisis, the White House said.

Tom Brady got a kick out of being listed as a 22-year-old on New England Patriots’ roster

Tom Brady is heading into his 20th season with the New England Patriots. He's coming off his sixth Super Bowl title and probably feels like he has plenty left in the tank.

But I must say that it would be a stretch to call Brady a 22-year-old.

The Patriots quarterback — who turned 42 this month — shared a photo on Instagram from the Patriots' official roster. It listed his experience correctly at 20 years. His age, though, was listed as "22."

By that math, Brady would have launched his career as a toddler, which seems unlikely. Brady particularly got a kick out of the typo.

Tom Brady doesn't mind being a couple years younger. 😂

(📸: IG/tombrady) pic.twitter.com/xx7Oop6nwm

He wrote: "Finally they got my age right!!!"

Hey, if Brady feels like a 22-year-old, that's all that matters to the Patriots.

Follow For The Win's Andrew Joseph on Twitter @AndyJ0seph.

China’s central bank sets lower benchmark rate

BEIJING–China’s central bank has lowered its new benchmark lending rates in a bid to guide borrowing costs down as the economy expands at its slowest pace in decades.

The People’s Bank of China set the one-year Loan Prime Rate–the new reference rate replacing the previous benchmark interest rates–at 4.25% on Tuesday, down from 4.31% before. The LPR is also below the one-year benchmark lending rate that now stands at 4.35%.

The new five-year LPR sits at 4.85%, lower than the five-year benchmark loan rate of 4.9%.

Under the interest-rate mechanism that the PBOC rolled out over the weekend, all new bank loans with one- or five-year maturities will be linked to the LPR starting from Tuesday.

The latest LPR quote was calculated using prices submitted by 18 urban and rural banks, including commercial lenders, foreign banks operating in China and privately owned institutions. Previously, only 10 large Chinese banks were involved in setting the price.

China’s central bank hopes the new reference rates will be more responsive to its monetary policy which has steadily tilted toward easing as the economy shows more signs of cooling.

–Grace Zhu

Trump tweets picture of Trump Tower looming over Greenland

WASHINGTON (AP) – US President Donald Trump is making light of his own idea of buying Greenland from Denmark, tweeting a doctored photo of Trump Tower looming over a small village in the Arctic territory.

Trump jokes on Twitter: “I promise not to do this to Greenland!”

Trump acknowledged on Sunday (Aug 18) that he is “strategically” interested in such a deal, but said it’s not a priority of his administration.

He told reporters: “It’s not No. 1 on the burner.”

Danish Prime Minister Mette Frederiksen has said Greenland is not for sale and Trump’s idea of buying it is “an absurd discussion”.

U.S. Steel to lay off up to 200 workers at Michigan plant: report

United States Steel Corp. X, +10.20% will temporarily lay off up to 200 workers from a facility in Michigan, Reuters reported Monday. Citing filings dated Aug. 5, Reuters said production at the Great Lakes facility, near Detroit, would be halted, perhaps for more than six months. The steelworkers’ union said layoffs were also expected at a U.S. Steel facility in Gary, Indiana, but the company said it "currently" does not expect layoffs there, Reuters reported. In a previous filing, U.S. Steel cited lower steel prices and weakening demand for idling plants. President Donald Trump has boasted about the strength of the American steel industry and how it has benefited from his administration’s tariffs. U.S. Steel shares surged Monday, but are down 32% this year, compared to the S&P 500’s SPX, +1.21% 17% gain year to date.