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Mokyr, Aghion and Howitt Win 2025 Nobel Economics Prize for Work on Innovation and Growth 

A screen displays the portraits of the 2025 prize winners (L-R) Joel Mokyr, Philippe Aghion and Peter Howitt, during the announcement of the winners of the 2025 Nobel Prize in Economics, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 13, 2025. (AFP)
A screen displays the portraits of the 2025 prize winners (L-R) Joel Mokyr, Philippe Aghion and Peter Howitt, during the announcement of the winners of the 2025 Nobel Prize in Economics, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 13, 2025. (AFP)
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Mokyr, Aghion and Howitt Win 2025 Nobel Economics Prize for Work on Innovation and Growth 

A screen displays the portraits of the 2025 prize winners (L-R) Joel Mokyr, Philippe Aghion and Peter Howitt, during the announcement of the winners of the 2025 Nobel Prize in Economics, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 13, 2025. (AFP)
A screen displays the portraits of the 2025 prize winners (L-R) Joel Mokyr, Philippe Aghion and Peter Howitt, during the announcement of the winners of the 2025 Nobel Prize in Economics, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 13, 2025. (AFP)

Joel Mokyr, Philippe Aghion and Peter Howitt won the 2025 Nobel economics prize for "having explained innovation-driven economic growth", the Royal Swedish Academy of Sciences said on Monday.

The prestigious award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the final prize to be given out this year and is worth 11 million Swedish crowns ($1.2 million).

"The laureates have taught us that sustained growth cannot be taken for granted," the prize-awarding body said in a statement. Economic stagnation, not growth, has been the norm for most of human history. Their work shows that "we must be aware of, and counteract, threats to continued growth."

Mokyr is a professor at Northwestern University, in Evanston in the United States, while Aghion is professor at the College de France and INSEAD, in Paris, and at the London School of Economics and Political Science, in Britain.

Howitt is a professor at Brown University, in Providence in the United States.

Mokyr was awarded half the prize with the other half being shared between Aghion and Howitt.

"Joel Mokyr used historical observations to identify the factors necessary for sustained growth based on technological innovations," John Hassler, member of the Nobel Committee, said.

"Philippe Aghion and Peter Howitt produced a mathematical model of creative destruction, an endless process in which new and better products replace the old."

The awards for medicine, physics, chemistry, peace and literature were announced last week.

Those prizes were established in the will of Swedish dynamite inventor and businessman Alfred Nobel and have been handed out since 1901, with a few interruptions mostly due to the world wars.

The economics prize was established much later, being given out first in 1969 when it was won by Norway's Ragnar Frisch and Jan Tinbergen from the Netherlands for work in dynamic economic modelling. Tinbergen's brother Nikolaas also won a prize, taking home Medicine in 1973.

While few economists are household names, relatively well-known winners include former US Federal Reserve chairman Ben Bernanke, and Paul Krugman and Milton Friedman.

Last year's economics award went to US-based academics Simon Johnson, James Robinson and Daron Acemoglu for research that explored the relationship between colonization and the establishment of public institutions to explain why some countries have been mired in poverty for decades.

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Varieties

Models with Down Syndrome in Romania Strike a Pose for World Down Syndrome Day

Antonia Voicu laughs before the SEEN Anonymous Seamstresses Gala, an event organised by the Down Plus Bucharest, an NGO supporting youngsters with Down Syndrome and other intellectual disabilities, in Bucharest, Romania, Wednesday, March 18, 2026, ahead of the World Down Syndrome Day, on March 21. (AP)
Antonia Voicu laughs before the SEEN Anonymous Seamstresses Gala, an event organised by the Down Plus Bucharest, an NGO supporting youngsters with Down Syndrome and other intellectual disabilities, in Bucharest, Romania, Wednesday, March 18, 2026, ahead of the World Down Syndrome Day, on March 21. (AP)
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Models with Down Syndrome in Romania Strike a Pose for World Down Syndrome Day

Antonia Voicu laughs before the SEEN Anonymous Seamstresses Gala, an event organised by the Down Plus Bucharest, an NGO supporting youngsters with Down Syndrome and other intellectual disabilities, in Bucharest, Romania, Wednesday, March 18, 2026, ahead of the World Down Syndrome Day, on March 21. (AP)
Antonia Voicu laughs before the SEEN Anonymous Seamstresses Gala, an event organised by the Down Plus Bucharest, an NGO supporting youngsters with Down Syndrome and other intellectual disabilities, in Bucharest, Romania, Wednesday, March 18, 2026, ahead of the World Down Syndrome Day, on March 21. (AP)

Dozens of models with Down syndrome strutted down a catwalk at a fashion show in Romania’s capital for an evening celebrating style, “atypical beauty” and courage to mark World Down Syndrome Day.

The SEEN Anonymous Seamstresses Gala in Bucharest brought together designers from across the country, who created garments “with great kindness, care and creativity” for young people with Down syndrome and other intellectual disabilities.

Georgeta Bucur, the president of Down Plus Association Bucharest, which organized the event held on Wednesday at the Romexpo center, said 50 seamstresses each created a costume for a youngster they had never met.

“The costumes were created without anyone trying them on," she said. “But the most important thing is that the people gathered together again. This event is really special ... it’s the most beautiful thing that could happen.”

For 19-year-old Antonia Voicu, who wore a puffy green netted dress and a crown of red roses, taking the stage was like a dream come true.

“I feel like I’m always fashionable, and I like to strike a pose, so I like to do like this,” she said, before stepping on the runway. “I’m not nervous at all.”

Antonia’s caretaker, Diana Negres, said the event was “a big step” for Antonia, who had always dreamed of “being a star” parading on stage. “This event gives her exactly this,” she said. “This is her first time, we did no preparation at all, so everything will be spontaneous.”

Cristina Bucur, a seamstress and one of the organizers, said the idea for the fashion show came to her because she has a child with a disability.

"I wanted the other children to see what it’s like to wear a costume during a fashion show, what it’s like to be cheered on stage,” she said. “They enjoy it enormously because they see that someone looks at them, that someone does something for them.”

In Romania, about 12,000 people have Down syndrome, and over 6 million worldwide, according to the Romania Down Syndrome Federation. In 2022, the Eastern European country reported that a person with Down syndrome was born per 847 births.

“On stage, us children go on a parade, and today I’m dressed in a nice dress and try to do some modeling,” said nine-year-old Marusika Burlaca, who took to the stage wearing a pink dress studded with little pearls after having her hair done up.

“Maybe they get a bit nervous at times, it’s the emotions, but they really like to be the center of attention,” said Larisa Bucur, one of the organizers. “We know that they want to be in the spotlight. I think it’s a very good opportunity for them.”

World Down Syndrome Day celebrates the lives of people with Down syndrome to make sure they have equal freedoms and opportunities, and to raise awareness. In 2011, the United Nations General Assembly declared March 21 as the official day of observation.

This year’s theme is combating loneliness, which the World Down Syndrome Day website says can have an outsized impact on people living with Down syndrome.

“Everyone feels lonely sometimes,” it states. “But for many people with Down syndrome and other intellectual disabilities, loneliness is a more common and painful experience.”

Varieties

Vanishing Glacier on Germany's Highest Peak Prompts Ski Lift Demolition

An aerial view taken with a drone shows the Schneefernerkopf ski lift prior to its demolition at the Zugspitze ski resort near Garmisch-Partenkirchen, Germany on March 20, 2026. (Photo by Philipp Guelland / AFP)
An aerial view taken with a drone shows the Schneefernerkopf ski lift prior to its demolition at the Zugspitze ski resort near Garmisch-Partenkirchen, Germany on March 20, 2026. (Photo by Philipp Guelland / AFP)
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Vanishing Glacier on Germany's Highest Peak Prompts Ski Lift Demolition

An aerial view taken with a drone shows the Schneefernerkopf ski lift prior to its demolition at the Zugspitze ski resort near Garmisch-Partenkirchen, Germany on March 20, 2026. (Photo by Philipp Guelland / AFP)
An aerial view taken with a drone shows the Schneefernerkopf ski lift prior to its demolition at the Zugspitze ski resort near Garmisch-Partenkirchen, Germany on March 20, 2026. (Photo by Philipp Guelland / AFP)

Vanishing glaciers atop Germany's highest mountain prompted the demolition of a ski lift Friday, as global warming reshapes the Alps.

A ski slope that for decades ran down the Schneeferner glacier on the Zugspitze has melted away, leading operator Bayerische Zugspitzbahn Bergbahn AG to begin dismantling the lift after more than 50 years of service.

"The glaciers in Bavaria will inevitably melt away, as they can no longer survive in the face of climate change," Christoph Mayer, a glaciologist at the Bavarian Academy of Sciences, told AFP.

High-tension cables anchoring the existing ski lift will be cut with blasting charges on Friday evening, said the operator's spokeswoman Laura Schaper.

The lift's pylons, which are built on the ice, will fall once the cables have been severed, she said near the glacier on Friday.

The peak of Zugspitze, which stands at 2,962 meters (9,700 feet), is located in the Wetterstein massif along Germany's border with Austria.

"The ice is receding, the terrain and the lift have changed drastically," Schaper said. "The slope has become significantly steeper, and for that reason it's no longer technically feasible to keep operating the lift."

New data on the remaining glaciers in the Bavarian Alps released Thursday found that the glaciers have receded by more than a quarter just between 2023 and 2025, losing around one million cubic meters of ice over only two years.

Wilfried Hagg, a geologist at the Munich University of Applied Sciences who worked on the study alongside Mayer, told AFP that climate change is entirely to blame.

Hagg told AFP that there's "absolutely no" chance of saving any of Germany's remaining glaciers.

There are four remaining glaciers in Bavaria: the northern part of the Schneeferne and the Hoellentalferner, which is also located on the Zugspitze.

Two others are both located on the Berchtesgarden massif: the Wazmann, at 2,713 meters, and Blaueis at 2,607 meters.

Those glaciers "are in very bad shape," Hagg said, with the two on Berchtesgarden "likely to disappear completely very soon -- this year or next".

Varieties

NASA Hauls Repaired Moon Rocket from Hangar Back to Pad for Early April Launch

NASA's Artemis II Space Launch System (SLS) rocket and Orion spacecraft are seen at Launch Pad 39B at the Kennedy Space Center in Cape Canaveral, Florida on March 20, 2026. (Photo by Gregg Newton / AFP)
NASA's Artemis II Space Launch System (SLS) rocket and Orion spacecraft are seen at Launch Pad 39B at the Kennedy Space Center in Cape Canaveral, Florida on March 20, 2026. (Photo by Gregg Newton / AFP)
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NASA Hauls Repaired Moon Rocket from Hangar Back to Pad for Early April Launch

NASA's Artemis II Space Launch System (SLS) rocket and Orion spacecraft are seen at Launch Pad 39B at the Kennedy Space Center in Cape Canaveral, Florida on March 20, 2026. (Photo by Gregg Newton / AFP)
NASA's Artemis II Space Launch System (SLS) rocket and Orion spacecraft are seen at Launch Pad 39B at the Kennedy Space Center in Cape Canaveral, Florida on March 20, 2026. (Photo by Gregg Newton / AFP)

For the second time this year, NASA moved its moon rocket from the hangar out toward the pad Friday in hopes of launching four astronauts on a lunar fly-around next month.

If the latest repairs work and everything else goes NASA's way, the Space Launch System could blast off as early as April 1 from Florida's Kennedy Space Center. The Artemis II crew went into quarantine this week in Houston.

The 322-foot (98-meter) rocket began the slow 4-mile (6.4-kilometer) trek in the middle of the night, transported atop a massive crawler used since the 1960s Apollo era. The trip was held up for several hours by high wind but completed by midday, 11 hours after it began.

The three Americans and one Canadian will zip around the moon in their capsule and then come straight home without stopping. Their mission should have been completed by now, but hydrogen fuel leaks and clogged helium lines forced two months of delay, The Associated Press reported.

While technicians plugged the leaks at the pad, the helium issue could only be fixed in the Vehicle Assembly Building, forcing NASA to roll the rocket back at the end of February.

The last time NASA sent astronauts to the moon was during Apollo 17 in 1972. The new Artemis program aims for a two-person landing in 2028.