Bloomberg Business

India is working to rein in inflation that is “slightly above” a tolerated level, Finance Minister Nirmala Sitharaman said.

Follow us at @BloombergUK and on Facebook, and wrap up your day with The Readout newsletter. Hello from London, and unless you’ve been living under a rock, you will know that King Charles III and Queen Camilla were crowned today in a display of pageantry that only the British could conjure up (full disclosure: your correspondent hails from the colonies.)

The Turkish securities regulator fined JPMorgan Securities PLC over alleged irregularities in stock market dealings.

Chinese voice-recognition company Iflytek Co. has entered the race to build a rival to OpenAI Inc.’s ChatGPT, with a live demonstration of its artificial intelligence model for educational and enterprise uses, even as Beijing signaled more oversight of the industry.

Yevgeny Prigozhin, the founder of Russia’s Wagner mercenary group, renewed a threat to pull his forces from the battlefield near Bakhmut in eastern Ukraine because of an ammunition shortage.

Charles III arrived at Westminster Abbey to end his seven-decade wait to be crowned king, part of a gilded spectacle celebrating the monarchy’s medieval roots and attempting to position it to survive the current era of technological and social change.

Rishi Sunak’s UK Conservatives lost hundreds of local council seats in a bruising first election for the prime minister, a result that suggests the ruling party is in danger of losing power in a national vote that’s expected next year.

The Federal Reserve and European Central Bank forged ahead with interest-rate hikes this week, though Washington policymakers signaled they’re in the final round of their inflation fight.