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Nobel Foundation increases cash award for prizes

OSLO: One week before the announcement of the 2017 Nobel prizes begins, the Nobel Foundation said on Monday that this year's winners will receive a larger monetary award worth over a million dollars. "The Board of Directors of the Nobel Foundation decided at its meeting on September 14 that the 2017 Nobel Prize will amount to SEK 9 million ($1.1 million, 944.000 euros) per prize category," the private institution based in Stockholm said in a statement. In 2012, the cash award was reduced by 20 percent to 8 million…