Abu Dhabi in the United Arab Emirates is known for its luxurious hotels and at one those hotels – the Emirates Palace – you can find a cappuccino priced at a whopping 80 AED ($A32), but most of that price is due to the gold embellishment.
This is a hotel with suites ranging from $2050 to $11,500 a night, which come with their own 24-hour butler service. The Palace is also deco…
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Even couched in wonky, legalistic language, the difference in tone between the American Bankers Association (ABA) and the American Petroleum Institute (API) is hard to miss. Last year, following a request for feedback from the U.S. Securities and Exchange Commission (SEC), the two trade groups presented vastly different pictures of the role the market regulator should play to make sure investor…
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