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Nobel Peace Prize awarded to "Banker to the Poor"

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Nobel Peace Prize awarded to "Banker to the Poor"


The Nobel Peace Prize has been handed out at a grand ceremony in Oslo and the man dubbed “the Banker to the Poor” was there to receive his honour.

Muhammad Yunus from Bangladesh won the award, along with his Grameen Bank, for their work to lift millions out of poverty by granting tiny loans. It has pioneered a global movement known as microcredit.

Later, in Stockholm, fellow Nobel laureate Orhan Pamuk was taking a bow. The Turkish author has won the Nobel literature prize. He became a symbol of freedom of expression after he was charged with insulting Turkish identity. The case was dropped on a technicality.

Pamuk is known internationally for novels that illuminate the complexities of Turkey, including its love-hate relationship with Europe.

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