Follow our coverage of the latest round of the world's most prestigious awards.

A record 259 nominations have been received for the 2013 Nobel Peace Prize.

Two men were taken into custody on Monday evening outside Stockholm's Concert Hall (Konserthuset) where this year's Nobel Laureates were receiving their prizes. One man was naked. One of those seized is Nobel literature winner Mo Yan's most vocal critics.

The European Union was today presented with the 2012 Nobel Peace Prize at a ceremony in Oslo.

The head of the Norwegian Nobel Committee, Thorbjörn Jagland said despite the severe economic problems faced by the EU, the EU is being honoured for bringing peace and democracy to Europe after two world wars.

When Mo Yan accepts the Nobel Prize in Literature Monday afternoon he will become the first ever non-dissident Chinese person to win a Nobel Prize. His pick has been contentious since it was announced by the Nobel Committee in Stockholm back on October 11.

Some of the world’s most prominent scientists will accept the Nobel Prize today, along with author Mo Yan, winner of this year’s Nobel Prize in literature.

Oslo has ramped up security to one of its highest levels ever ahead of the Nobel Peace Prize ceremony Monday. At least 21 heads of government and more than 30 top leaders in the EU plan to attend.

Nobel Literature laureate Mo Yan refused to make another call for the release of fellow Chinese Nobel winner Liu Xiaobo at a press conference in Stockholm Thursday, saying he had already said what he has to say on the issue.

Göran Malmquist, the China expert on the Swedish Academy, which awards the Nobel Prize in literature, had this year's winner, Mo Yan, write a foreword to one of his books, Swedish Television (SVT) reports.

A member of the Swedish Academy has faced accusations that he benefited from this year's Nobel Literature choice.

The head of the Academy, Peter Englund says that it would have been "silly" not to have made use of China expert Göran Malmqvist, and there is no question of a conflict of interest. But he adds that Malmqvist was wrong to respond to criticism by calling journalists "fools".

There will be no Nobel party for the anti-immigration Sweden Democrat party leader Jimmie Åkesson for the third year in a row.

The Nobel Foundation has decided to maintain an earlier decision not to invite Åkesson, despite inviting the leaders of every other political party in Sweden. The decision is based on the organization’s stance that the party’s values go against the spirit of Alfred Nobel's testament.

 “I don’t know what kind of signal they want to send, but I think that ridiculous is the best word to describe it,” Linus Bylund, the party’s chairman in Stockholm told Swedish Radio.

This year's economics prize in memory of Alfred Nobel has gone to Americans Alvin E. Roth and Lloyd S. Shapley "for the theory of stable allocations and the practice of market design."

They've been honored for independent work on matching agents, determining who gets what, what student gets to go to what college, what patient gets an organ transplant?

Live video from the prize announcement

The winning duo's nationality comes as no surprise following the recent American domination of the economics prize.

The European Union has won this year's Nobel Peace Prize. The Norwegian Nobel Committee says it awarded the prize to the EU because it has "for over six decades contributed to the advancement of peace and reconciliation, democracy and human rights in Europe".