China’s economy grew by a minimal 4.8% year-on-year in the third quarter of 2025, according to a report by the National Bureau of Statistics. GDP growth slowed from 5.2% in April-June. Analysts also expected growth to slow to 4.8% on average, according to Trading Economics.
China’s GDP growth in July-September was 1.1% compared to the previous three months (with an average forecast of 0.8%). In the second quarter, the figure increased by a downwardly revised 1% quarter-on-quarter.
In January-September, the economy grew by 5.2% year-on-year to 101.5 trillion yuan ($14.24 trillion).
China’s disposable income per capita rose 5.1% to 32,510 yuan in the first nine months, according to the NBS.
At the end of 2024, the Chinese economy grew by 5%, and the same growth is envisaged in the socio-economic development plan for 2025.
British company Pennpetro Energy Plc (PPP) has announced the signing of the main terms for the acquisition of a 100% license for oil and gas exploration in the Limnytskyi area in Ivano-Frankivsk region through the Polish holding company Target, which was recently established for this purpose.
“The license being acquired by the company is a little-explored, large-scale and highly promising project, the development of which is expected to make a significant contribution to strengthening Ukraine’s energy independence and sovereignty,” PPP said in a stock exchange announcement.
The company intends to immediately recommission one of the previously abandoned wells and conduct 3D seismic surveys before starting to drill a second well in the near future, which is expected to have a high probability of success.
The 172 sq km Limnitsky oil and gas field is located in the Carpathian Basin, where more than 100 oil and gas fields have currently been discovered.
“Obtaining the basic terms of the license for the Limnitsky field in Ukraine is a turning point for our business. It adds an extremely promising asset to our growing portfolio and opens up the opportunity to develop this field,” said PPP Chairman Stephen Lunn.
According to him, Pennpetro Energy’s capital requirements associated with this license are minimal, and the company has significant growth potential.
According to NADRA info, a special permit for oil and gas exploration and production in the Limnitskaya area was issued in 2007 to Geoposuk LTD, which remains an active subsoil user after the recent cancellation of the order of the State Service of Geology and Subsoil of Ukraine to revoke the permit.
In April 2023, Derzhgeonadra filed a lawsuit against Geoposuk LTD in the Ivano-Frankivsk District Administrative Court, demanding that the special permit for subsoil use be revoked. The basis for this was that among the ultimate beneficial owners of the company there is allegedly a citizen of the Russian Federation.
In July 2023, the court of first instance upheld the lawsuit, recognizing the permit as invalid, and in February 2024, the Eighth Administrative Court of Appeal left this decision unchanged. In compliance with the court decisions, the State Geological Service issued an order on February 15, 2024, to revoke the permit.
However, on April 30, 2025, the Supreme Court overturned the decisions of the lower courts, recognizing that the revocation had been carried out in violation of the law, as a result of which Gosgeonedra revoked the previous order on May 5, 2025.
Pennpetro Energy Plc is a public company registered in 2016 in England and Wales. The company is engaged in oil and gas exploration and production, focusing on onshore projects in Texas (USA), particularly in Gonzales County, where it owns rights to more than 2,500 acres. Pennpetro has a number of subsidiaries, including Pennpetro USA Corp., Nobel Petroleum LLC, and Pennpetro Greentec UK Limited.
In 2024, PPP reported revenue of approximately £0.5 million with a net loss of £8.9 million.
On October 16, Pennpetro Energy plc announced the appointment of Mauritius Kalugin as executive director and chief operating officer of the company. Until January 31, 2023, he held the position of executive director and chief operating officer of the Naftogaz group.
Insurance company Arsenal Insurance (Kyiv) paid out UAH 1.26 billion to customers in January-September 2025, which is 30% more than in the same period last year, the company reported on its Facebook page. Payments for September amounted to UAH 184 million.
“This is a record monthly amount of payments in the company’s history. This is more than UAH 8 million in insurance payments daily,” the statement said.
The amount of insurance premiums collected for the first nine months of this year amounted to UAH 3.45 billion (which is 58.9% more than for the first nine months of 2024 – UAH 2.174 billion).
Arsenal Insurance is a non-life insurance company with 100% Ukrainian capital. It has been operating since 2005. At the end of 2024, it entered the TOP 6 in terms of gross premiums among non-life insurers in Ukraine.
On the night of October 10–11, the cryptocurrency market experienced its largest one-day crash: approximately $19 billion in positions were liquidated in 24 hours. Bitcoin plummeted from record highs (around $122–126 thousand) to the $104–110 thousand range. Ethereum also lost a significant portion of its growth, falling more than 10% from its peak values.
Altcoins were particularly hard hit, with some falling by 20-30% or more.
The reasons for this collapse are linked to geopolitical shock (Trump’s announcement of 100% tariffs on Chinese technology), a cascade of liquidations in the leveraged sector, and panic among participants.
After the collapse, there has been an attempt at recovery: Bitcoin rose above $114,000 on the wave of a partial return of liquidity. However, the dynamics remain turbulent: resistance and support levels are constantly being tested. The total capitalization of the crypto market has fallen below $3.8 trillion. The decline has affected almost the entire market — most of the top 100 assets are trading in negative territory.
From the analysts’ point of view, the current correction is more controlled than panicked — market participants are taking profits and clearing overbought positions rather than fleeing the asset.
The US Federal Reserve (Fed) has expressed concern about the stability of the financial system and the risks associated with the growth of the stablecoin sector. The G20 Financial Stability Board (FSB) has highlighted “significant gaps” in the regulation of cryptocurrencies, especially in the cross-border aspect. The PYUSD/Paxos/PayPal case, where $300 trillion in tokens were accidentally issued due to a technical error, served as a reminder of how much centralized issuers control the mechanism of creating/destroying balances.
These facts reinforce the argument that market maturity and trust go hand in hand with regulatory development.
Source: https://www.fixygen.ua/news/20251020/obzor-rynka-kriptovalyut-ot-fixygen.html
Polish fashion brand Sinsay, owned by the large retail group LPP, has opened a store in Dolynska (Kirovohrad region), which is its 350th store in Ukraine, according to Vladislav Druhov, regional sales director at LPP Ukraine.
“We are proud to have opened our 350th Sinsay store in Ukraine right in the heart of Dolynska! This achievement is more than just a number; it is a testament to the passion, dedication, and teamwork of every person who has been part of our journey, from our store and regional teams to logistics, construction, leasing, and support departments,” he wrote on LinkedIn.
As reported, the Polish group LPP, which owns the Reserved, Sinsay, and other brands, plans to double the number of its stores worldwide over the next three years, focusing on the budget brand Sinsay and the overall growth of the company’s sales. There are plans to have a network of 4,400 stores by the end of 2025.
According to the Sinsay website, there are 350 stores operating in Ukraine, with seven more set to open by the end of October.
At the end of 2024, the group’s sales grew by 14.8% to PLN20 billion, and net profit by 5.6% to PLN1.7 billion.
Turkish chain English Home, which sells home goods and decor, is ending its operations in Ukraine and beginning the process of transferring its retail spaces to a local franchise partner. The reasons for this are a decline in the number of customers, falling sales, and high rental costs, according to NV Business.
According to the publication, the chain’s main target audience was women aged 20-40 with children, and with the start of the war, a significant part of this group left the country, which led to a decline in demand. At the same time, the operating company in Ukraine, EHM Ukraine LLC, managed to show revenue of UAH 281.6 million in 2024, which is 4.1% less than in 2023. At the same time, the annual loss reached UAH 43.1 million, which is 47.5% more than in the previous year.
One factor complicating business operations is that the British brand’s stores are located primarily in premium shopping centers, where rental rates remain high and are not offset by the decline in customer traffic. As noted by Yavuz Bekar, Director of International Sales at English Home, “our business operations in Ukraine were not profitable.”
English Home was founded in Turkey in 2008 and is managed by Turgut Aydın Holding. The brand offers collections of British-style home textiles and decor in pastel and muted shades. As of October 2020, there were 33 retail outlets in Ukraine.
