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STOCKHOLM, – The cash envelope that accompanies each Nobel prize will be increased this year from nine to 10 million kronor ($1.1 million), the Nobel Foundation said Thursday.
“The work done in recent years to strengthen the Nobel Foundation’s financial standing has made it possible to increase the prize sum,” the foundation said in a statement.
This year’s prizes in the fields of medicine, physics, chemistry, literature, peace and economics will be announced during the week of October 5.
The prize sum was reduced from 10 to eight million Swedish kronor in 2011, when the foundation launched a programme to improve its finances.
Since the beginning of 2012, its investment capital has risen from just under three billion kronor to 4.6 billion, while the return has been close to nine percent per year thanks to a generally good market performance and good results from the foundation’s own asset management, it said.
Prize creator Alfred Nobel, an inventor and scholar who made a vast fortune from his invention of dynamite in 1866, decreed in his 1895 will that the bulk of his estate — about 31.5 million Swedish kronor, equivalent today to about 2.2 billion kronor ($222 million, 203 million euros) — be invested to fund the prizes.
The Nobel Foundation has previously announced that the traditional award ceremony and banquet in Stockholm have been cancelled this year because of the coronavirus pandemic, replaced by a televised event with laureates receiving their prizes in their home countries.
The Peace Prize ceremony, which takes place in Oslo, will go ahead albeit in a scaled-back version — with the traditional banquet cancelled.
Latest news Lakshmīpur - here are the news of nearby cities
Berkshire Hills Capital Group Expands Its Partnerships with Latin American, Canadian and European Family Offices
Berkshire Hills Capital Group (BHC) is a New York-based finance firm that helps businesses to solve complex financial challenges. It has earned an outstanding reputation for providing top-notch services in recent years. They have been involved in over 10-billion USD worth of transactions either as principals or advisers.
The Berkshire Hills Capital Group is now expanding its services internationally to focus more on cross-border corporate finance during these challenging times amid the pandemic. It has recently partnered with various Latin American, Canadian, and European family offices with an emphasis on low-cost debt at attractive and competitive rates as well as equity investments in the biopharmaceutical space.
Photo: Monterrey Mexico (Main Business Center)
The BHGC Group is also working to provide asset management advisory services for said family offices as well. Forming relationships with middle market companies looking for capital sources outside of the typical investment banks and Private Equity firms available to them is key. The company wants to offer corporate finance solutions tailored to the risk mitigation challenges posed by COVID-19.
Photo: Luxembourg at night
With past experience on projects with ticket sizes 10MM-250MM USD, the financial firm has the capability to work on both small and big projects. They also have previous experience in working with infrastructure and energy mandates. Berkshire Hills Capital Group has offices in New York with a satellite presence in Mexico, Kuala Lumpur, and Prague and plans to launch a London office in 2021. For inquires and more information relating to their programs and services please visit them at www.bhcrossborder.com.
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Cristiano Ronaldo has tested positive again for coronavirus on the eve of Juventus's Champions League clash against his great rival Lionel Messi's Barcelona, according to media reports in Italy and Portugal.
Portuguese TVI reported that Ronaldo "has once against tested positive for Covid-19" following a swab carried out by Juventus.
The 35-year-old is now awaiting the result of a UEFA test which, if also positive, would rule him out of the Group G game in Turin.
Ronaldo first tested positive for Covid-19 two weeks ago while playing with Portugal, and has been in self-isolation since returning to Italy.
According to TV1, the five-time Ballon d'Or winner has tested positive 18 times.
Ronaldo needed to return a negative test, 24 hours before the game to be allowed to play, according to UEFA rules.
Juventus only confirm if a player has recovered, with Sky Sport Italia and Gazzetta Dello Sport reporting that Ronaldo will miss the Barcelona game.
"Ronaldo had a test like everyone else, this evening (Tuesday) we will have the definitive result," coach Andrea Pirlo told a press conference earlier Tuesday.
"For now it's all on the high seas, when the final result comes everything will be clearer.
"Depending on the result, we'll see what we do. It's not easy to play an entire game after 15 days of inactivity."
Ronaldo, who has no symptoms, has missed three games including his side's 2-0 Champions League win at Dynamo Kiev last week.
The clash would be the first between Ronaldo and Messi since the Portugal forward left Real Madrid for Juventus in 2018.
"For 15 years, Messi and Ronaldo have done great things," said former Italy and Juventus midfielder Pirlo.
"For the first time, I'll be taking on Messi as a coach, I'll treat him with the enormous respect that he deserves."
Barcelona coach Ronald Koeman added: "We always want the best to be on the pitch, and Ronaldo is a great player.
"I don't know if he will be in condition to play, that's not my problem. But if Ronaldo is there, it is one more reason for us to be ready."
Koeman, like Pirlo, has taken over as coach this season, with the teams top of Group G after winning their opening fixtures.
But the Dutch manager has been under pressure after a 3-1 defeat against Real Madrid at the weekend followed a 1-0 loss to Getafe, the first time in four years the Catalan giants have suffered consecutive defeats in the league.
Barcelona president Josep Maria Bartomeu also resigned on Tuesday along with his board of directors, following mounting pressure from fans and his public falling out with Messi.
- 'Not a decisive game' -
Ronaldo and Messi now look set to meet again in the reverse fixture at the Nou Camp on December 8.
Messi, 33, has featured in four victorious campaigns for Barcelona, while Ronaldo has won the Champions League five times, four with Real Madrid and once with Manchester United.
Messi has six Ballon d'Or titles with Ronaldo claiming five.
However Ronaldo has 130 Champions League goals to Messi's 116.
"It's clear that any team would miss a player like Cristiano," said Brazil defender Danilo at the pre-match press conference.
"But we have faith in every player on the team. We have people who want to do well and help us have a great match."
Messi has won 16 of their 35 encounters to Ronaldo's 10, with the remaining nine ending in draws.
The pair have only met five times in Champions League games, most recently in the semi-final in 2011.
Pirlo also has defensive worries with captain Giorgio Chiellini, and Matthijs De Ligt out but fellow centreback Leonardo Bonucci's thigh strain will be evaluated on Wednesday morning.
"These are the matches that everyone would like to play. We have this opportunity and we can't wait to test ourselves against Barcelona," said Pirlo.
"It's not a decisive game, but we still want to see what our value is."
Argentina forward Paulo Dybala remains "a bit tired" after playing for 90 minutes in his first match in over three months last Sunday against Verona.
"It's normal after the first game as a starter. He'll have time to recover and play tomorrow night
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