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British economist Angus Deaton wins Nobel Prize

British microeconomist Angus Deaton has won a Nobel Prize for his work studying consumption, poverty, and welfare.

The 69-year-old, from Edinburgh, is currently a Princeton professor and has been in the running for the prize in previous years.

Deaton was awarded the prestigious prize after winning praise for his work focusing on how consumers distribute spending among different goods, how much of society's income is spent and saved, and how best to measure and analyze welfare and poverty.

Malala dedicates award to 'voiceless children' around world

Malala Yousafzai is now a dedicate campaigner for children's right to education. Credit: Jonathan Brady/PA Wire

Nobel peace prize winner Malala Yousafzai has dedicated her award to "voiceless" children around the world.

The teenager, who at 17 is the youngest person ever to receive the coveted prize, also called on the Indian and Pakistani prime ministers to attend the award ceremony for the sake of peace.

Malala hit headlines around the world after she survived being shot in the head by a Taliban fighter in October 2012 for going to school.

She later had treatment in Britain for her injuries and went on to make a full recovery.

Malala is now a dedicated campaigner for children's rights to education.

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