US President Donald Trump will travel to Davos as planned this week for a meeting of elites from the worlds of politics and business, after the Senate reached a compromise deal to end a government shutdown.

The global economy and geopolitical tensions are taking a back seat to a more immediate problem at this year's Davos summit of political and business leaders: heavy snow is burying the venue.

India has emerged as the fifth most attractive market for investments and the optimism over global economic growth is at a record level, a survey of CEOs by global consultancy PwC said.