At least 20 people were evacuated late last night from the North of Davos due to an avalanche scare. It has been snowing incessantly in Davos for the past 48 hours. A further metre or so is expected to fall across some parts of the Alps on Monday, the weather office predicted.

Bollywood superstar Shah Rukh Khan received the Crystal award at the World Economic Forum summit in Davos, Switzerland along with Hollywood actress Kate Blanchett and legendary musician Elton John.

Around 46 per cent of global CEOs consider the US as one of the three most important countries for growth, followed by China (33 per cent) and Germany (20 per cent) at second and third places.