Malala, Satyarthi Win Nobel Peace Prize

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A Pakistani girl who was shot on a school bus by a Taliban gunman in 2012 is one of two recipients of this year's Nobel Peace Prize.

Malala Yousafzai, 17, an education activist from Mingora in the Swat District of Pakistan, joined Kailash Satyarthi, a veteran children's rights activist from India, as a recipient of the $1.1 million prize that was announced Friday morning in Oslo by the Norwegian Nobel Committee.

Malala is the youngest person ever to be awarded the prize since its establishment in 1901, the committee said.

Both Malala and Satyarthi, 60, were cited for their work helping to promote universal schooling, and in protecting children worldwide from abuse and exploitation.

"The Nobel Committee regards it as an important point for a Hindu and a Muslim, an Indian and a Pakistani, to join in a common struggle for education and against extremism," said Thorbjoern Jagland, a former prime minister of Norway, who chairs the Nobel committee.

"Children must go to school and not be financially exploited," Jagland said. "It is a prerequisite for peaceful global development that the rights of children and young people be respected. In conflict-ridden areas in particular, the violation of children leads to the continuation of violence from generation to generation."