$1.2 million will be awarded along with the prize when it is presented in Oslo in December 10.
If this was divided between the 497,481,657 people of the European Union, everyone would get 0.0024 cents each, or 0.0015p.
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Politicians approved the bill that renames the country North Macedonia, with 69 votes in favour in the 120-member parliament.
The business boss received a backlash for his original message.
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