London (CNN Business) 1. Facebook data: Germany's anti-trust office has ruled that Facebook (FB) is abusing its dominant position in social media by combining data from other sources such as Instagram, WhatsApp and third party websites to build a unique profile of each user.

In future, Facebook will have to seek German users' explicit consent to collect and combine such data. "Facebook is to develop proposals for solutions to this effect," the Bundeskartellamt said in a statement.

Facebook said it disagreed with the conclusions of the investigation and intended to appeal.

"Using information across services helps to make them better and protect people's safety," the company said in a statement.

2. Central banks in focus: India's central bank cut interest rates Thursday for the first time in six months.

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