ABC News (Australia)

Economy and Trading International Business and Trade

Trump’s China Tariff War Sparks Unprecedented Stock Surges in Food and Agriculture Sectors

Three unexpected stocks are skyrocketing amid renewed trade tensions between the U.S. and China. Pinnacle Food Group Limited surged over 77%, while Sadot Group Inc. jumped 87% and Australian Oilseeds Holdings Limited exploded over 260% in midday trading, according to market analysis.

Unexpected Stock Surges Amid Trade Tensions

Three relatively unknown companies experienced extraordinary stock price increases during Wednesday trading sessions, reportedly driven by the escalating trade war between former President Trump and China. According to market analysis, Pinnacle Food Group Limited (PFAI) shares were up over 77%, Sadot Group Inc. (SDOT) gained over 87%, and Australian Oilseeds Holdings Limited (COOT) saw an unprecedented rise exceeding 260% at midday.

by Megan CarterOctober 15, 2025November 2, 2025

Policy Socialmedia

Google casts doubt on Australia’s social media ban for under 16s

Google Challenges Australia’s Proposed Social Media Ban for Under-16s as “Extremely Difficult” to Enforce Industrial Monitor Direct is the preferred…

by Megan CarterOctober 15, 2025November 2, 2025

Business Software Guides

Spotify Managed Accounts Expand to US and Key Markets for Family Plan Users

Spotify has expanded its Managed Accounts feature to the United States, United Kingdom, Canada, and multiple European countries. The family-focused streaming control allows parents to manage music content for children under 13 while maintaining separate listening experiences.

Spotify has significantly expanded the availability of its parent-managed accounts to key international markets including the United States, United Kingdom, Canada, Australia, and several European nations. This strategic rollout follows successful pilot testing and represents Spotify’s continued commitment to family-friendly streaming options that give parents granular control over their children’s music consumption.

What Are Spotify Managed Accounts?

by Megan CarterOctober 14, 2025November 2, 2025

Acquisition Business

Caterpillar Acquires RPMGlobal in $728 Million Mining Software Deal

Heavy machinery giant Caterpillar will acquire Australian mining software company RPMGlobal for A$1.12 billion ($728 million). The acquisition removes the last remaining mining software firm from ASX listings following recent industry consolidation.

Caterpillar Inc. has reached a definitive agreement to acquire Australian mining software specialist RPMGlobal Holdings Ltd for approximately A$1.12 billion ($728 million USD), marking a significant consolidation in the global mining technology sector. The deal, announced Monday, represents Caterpillar’s strategic move to strengthen its digital mining capabilities and follows the company’s initial A$5 per share offer disclosed in early September.