The renowned Swiss theologian, Hans Küng, is to receive an award by the Japanese Niwano Peace Foundation. The laureate said he would use the prize, which is worth SFr224,000 ($192,275), for his Global Ethic Foundation. The award ceremony is to take place in Tokyo on May 11. The panel said the understanding and insight of the Catholic theologian were indispensable for peace in the world, notably in the Middle East, Iraq and Sri Lanka. "Together with his contributions to interfaith dialogue and cooperation, Dr Küng’s advocacy of a global ethic as a way of realising peace has won him recognition...