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Rubik’s cube cracked as EU court strips away its trademark

  Bloomberg You might not be able to solve Rubik’s cube, but now you can make one. The multicolored puzzle that’s kept small and big hands busy since the 1970s lost the final round in a fight to hold on to a European Union trademark protection. EU trademark law seeks to prevent a company getting “a monopoly on technical solutions ...

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UK adds housing as it continues overhaul of inflation measures

Bloomberg The UK’s chief statistician said a measure of inflation including housing will become the favored gauge of consumer prices from March. CPIH — the consumer prices index including owner-occupiers’ housing costs — will be the “preferred measure” of inflation for the Office for National Statistics. Switching to the new index will address several flaws and limitations in alternative price ...

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Egypt surges in record volume on signs of dollar inflows

  Reuters Egyptian stocks jumped in record volumes on Thursday, driven by signs that hard currency was flowing into the country after last week’s pound devaluation, while Saudi Arabia’s index extended recent gains. Egypt’s blue chip index surged 4.5 percent, bringing its gains since the currency was floated last Thursday to 25 percent. The broader EGX 100 index was up ...

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