Business
Inflation Outlook For 2023
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The Forbes Advisor editorial team is independent and objective. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive payment from the companies that advertise on the Forbes Advisor site. This comes from two main sources.
First, we provide paid placements to advertisers to present their offers. The payments we receive for those placements affects how and where advertisers’ offers appear on the site. This site does not include all companies or products available within the market.
Second, we also include links to advertisers’ offers in some of our articles. These “affiliate links” may generate income for our site when you click on them. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor.
While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.
Inflation has been one of the biggest stories of 2022. For evidence of rising prices, look no further than the cost of preparing this year’s Christmas lunch.
According to our findings, a seasonal food and drink shop will cost Brits just over 10% more this Yuletide compared with 2021.
That squares with the latest update from the Office for National Statistics (ONS). Its Consumer Prices Index (CPI) confirms that UK inflation accelerated to 10.5% in the year to December.
While this is down from the 11.1% recorded in the year to October 2022 – a 41-year high – and the 10.7% lodged in November, it remains painfully high.
The reason inflation is deep in double-figure territory? Soaring energy prices, triggered in large part by the war in Ukraine, coupled with rising interest rates and global supply chain bottlenecks. These are the roots of today’s cost-of-living crisis.
In recent years, prior to 2022, inflation has been relatively low. But, given the current state of play, it’s only natural for people to be concerned about what lies ahead on the inflation front as we head into 2023.
Here’s a reminder of why inflation matters to our finances.
Inflation is the term that’s used to describe the increase in prices over time. The UK government sets an inflation target of 2% which the Bank of England is tasked with maintaining using monetary policies including the raising and lowering of interest rates via changes to the ‘Bank Rate’.
Broadly speaking, inflation has remained relatively stable in the UK over the past 30 years as the following graph shows. The blue line in the chart represents the UK’s actual inflation rate and how it has varied compared with the Bank of England’s continual 2% target (red line).
As the chart shows, inflation has soared over the past 12 months, rising from about 2% at the end of last year to today’s eye-watering double-digit figure of 10.5%, having peaked at 11.1% in October.
For savers, this means making money has rarely been so much of a challenge.
Double-digit inflation has a devastating impact on the real value of cash at a time when the best easy-access individual savings accounts are only paying around 3% and about a percentage point higher for the best high interest savings accounts.
Business
Nine Restaurant Franchise Goes Global with $120 Million Crypto Crowdfunding Joint Venture, Led by Adnan Ashraf
Adnan Ashraf, a multifaceted entrepreneur with interests spanning pharmaceuticals, technology, and real estate, is embarking on an exciting new venture to expand the renowned Nine restaurant brand into a global franchise. With its reputation for upscale Japanese cuisine and stunning panoramic views, Nine has captured the attention of discerning diners worldwide, and Mr. Ashraf aims to bring this exceptional dining experience to numerous locations across the globe.
To realize his ambitious expansion plans, Mr. Ashraf has engaged in discussions with a pioneering crypto crowdfunding platform, forging a strategic partnership for a joint venture involving 100 stores with an estimated investment of $120 million. Harnessing the power of cryptocurrency, Mr. Ashraf intends to expedite the growth of the Nine franchise and achieve his objectives more efficiently.
The first milestone in this expansion journey involves acquiring a prime waterfront location in Canary Wharf, a prestigious business district in London. Serving as the flagship Nine restaurant, this iconic setting will exemplify the brand’s exquisite cuisine and offer guests unparalleled views. Mr. Ashraf’s vision extends beyond this initial location, as he plans to continue expanding into other prime spots in London and beyond, introducing the Nine dining experience to cosmopolitan cities worldwide.
By partnering with a cryptocurrency crowdfunding platform, Mr. Ashraf aims to tap into the immense potential of this innovative funding mechanism. Cryptocurrency not only streamlines the investment process but also attracts a global community of investors passionate about supporting groundbreaking ventures in the hospitality industry. This collaboration is expected to fuel the rapid expansion of the Nine franchise, ensuring that more diners can savor its exceptional culinary offerings and immerse themselves in the extraordinary ambiance that defines the brand.
Drawing on his extensive entrepreneurial experience, Adnan Ashraf brings a wealth of expertise to this venture. His track record of success across various sectors attests to his ability to navigate complex business landscapes and identify unique opportunities for growth. With his diverse business interests and unwavering commitment to excellence, Mr. Ashraf is poised to spearhead the global expansion of the Nine restaurant brand, establishing a network of exceptional dining establishments worldwide.
Business
Alliance Rental: Alexey Ivanov Latest Venture in Luxury Transport by Alliance Trucks
Alliance Trucks, the leading Japanese and Korean car dealer in Russia, is proud to announce the launch of its new luxury transport rental aggregator, Alliance Rental. The project is the brainchild of Alexey Ivanov, the CEO and owner of Alliance Trucks, a successful businessman, traveler, and blogger. With over 59 countries visited, Alexey Ivanov has gained valuable experience in the automotive industry, which he has leveraged to create Alliance Trucks, a company that generates a trade revenue of $50 million annually.
Founded in 2014, Alliance Trucks has become the biggest Japanese and Korean car dealer in Russia, with four authorized and certified workshops, warehouses in the capital, and numerous certificates of first dealer with top-rated sales and service quality. The company’s mechanic team has won different national and international competitions of professional skills, including the ISUZU GRAN PRIX, where they were the first Russian and second in the world.
Alexey Ivanov’s awareness and commitment to 10 corporate rules have enabled Alliance Trucks to achieve its current status as a respected and reputable brand in the automotive industry. The rules include prioritizing emotional intelligence, respecting corporate culture and business ethics, seeking opportunities for growth in every crisis, and being socially active and engaged in charitable projects.
Alliance Parts, Alexey Ivanov’s latest venture, is a cars and spare parts distribution business in the United Arab Emirates with a global partnership with different car brands. The company leverages Alexey’s life and professional experience to scale similar projects in different market areas.
Alliance Rental is Alexey Ivanov’s latest project, an aggregator that offers a one-stop-shop for luxury transport rentals. The project’s main idea is to provide all the luxury transport rentals that customers may need for emotional holidays, celebrations, dream realization, business meetings, or just for premium lifestyle in one mobile application.
The application, marketing brand, and all business processes are complete, and legal compliance with local laws, rules, and regulations is under process.
Alliance Rental offers taxi Rolls-Royce, luxury sport cars, yachts, helicopters, and aircraft rentals. Partnerships with operators of luxury services are currently being signed, and the project is ready to launch soon.
Alexey Ivanov’s mission is to make the world a better and cleaner place, live a long, bright, and memorable life, create a family, raise children, create and invent something that deeply touches the feelings of people, be a mentor, teach knowledge, and leave a significant mark in history, society, and culture.
For more information on Alliance Rental and Alexey Ivanov, follow him on Instagram at @a.a.ivanov
Business
Januthan Logathas: A video and photography professional who seeks to leave his name among the best in this area
JANUTHAN LOGATHAS was born in a small town in Switzerland and is the son of a Tamil couple from Sri Lanka. His father was the one who began to inspire him to become a video and photography professional, which is why he is currently widely recognized as well as having followed in the footsteps of his father who also worked in this profession. With time people started noticing his Instagram modeling shoots and he became very prominent among European Tamils.
His tik tok videos also boosted his image and recognition a lot as they were filled with a subtle humor that was very pleasing to his followers who were part of Januthan reaching a much larger audience.
People celebrated the German/Albanian co-worker combo in a peculiar way.
In addition, he was also the first Tamil photographer to win the renowned award for the best wedding photography from Radisson in Europe, he gained great popularity especially with the collaboration with Usha Jay in her dance video which achieved many views and this made his audience grow exponentially.
He knows that in order to continue growing in what he does, he must continue working very hard as he has done up to now, and all this with the aim of increasing his public and the quality of his work, and for this it is necessary to continue going through this long learning process in the one that advances a little more every day to reach the desired objective that is to position its name among one of the best in the video and photography industry. In his social networks you can find a lot of material about his work in addition to him also seeing content about his future works which are more than promising
To grow in this industry, you must continue to constantly learn, since this industry is very competitive and only those who know how to implement their ideas and creativity very well when creating new jobs stand out.
Unveiling Life Through the Lens: Explore the captivating world of talented photographer @jpresidento on Instagram and TikTok, as he captures unique moments that have earned him accolades at the Wedisson Awards. Discover his visually mesmerizing art at these links!
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