| Unilateral action | Biden will mark his third day in office with executive actions to boost food assistance for impoverished Americans and use federal contracts as a step toward his proposed nationwide minimum-wage hike. Both are aimed at providing immediate help for an economy struggling to cope with Covid-19. - Biden's vow to reopen most U.S. schools in his first 100 days could reignite clashes among educators, their unions, administrators and parents over how to safely return when many teachers haven't received the Covid-19 vaccine.
Impeachment timing | Senate Republican leader Mitch McConnell has challenged House Speaker Nancy Pelosi to delay triggering Donald Trump's impeachment trial until next month, a timetable that may cool some of the bipartisan outrage that erupted over the former president's stoking of the mob that stormed the Capitol two weeks ago. McConnell cast his proposal as a matter of fairness to Trump, who is still assembling a defense team. Raising the heat | Russian officials were convinced opposition leader Alexey Navalny wouldn't come home. They had rightly predicted he'd be jailed on arrival and steadily ratcheted up threats of new probes. Even fellow Kremlin critics told him it was too dangerous to return from Berlin, where he'd been recovering from a nerve-agent attack he and western capitals blamed on President Vladimir Putin. Now he's back and the Kremlin is on the defensive.  Police officers detain a supporter of the Russian opposition leader in St. Petersburg on Jan. 18. The placard reads "Freedom to Navalny." Photographer: Olga Maltseva/AFP Deep divide | The pandemic has exposed lingering divisions in the Balkans, and now Europe's most volatile region is once again cleaving along geopolitical and ethnic lines. The European Union has pledged to give six prospective members $85 million to buy Covid shots, but deliveries have been delayed. That's empowered Serbian President Aleksandar Vucic to leverage his links with China and Russia to offer vaccine donations to North Macedonia and ethnic Serbs in Kosovo and Bosnia-Herzegovina. Tech giant warning | Google has threatened to disable its search engine in Australia if it's forced to pay local publishers for news, a dramatic escalation of a months-long standoff with the government. The stance over a proposed law that intends to compensate publishers for the value their stories generate is Google's most potent yet as the digital giant tries to stem a flow of regulatory action worldwide. What to Watch - India began commercial shipments of Covid-19 shots to Brazil and Morocco today, which will be followed by Saudi Arabia and South Africa as it extends its vaccine outreach program.
- Congress approved the waiver needed for Lloyd Austin to serve as Biden's defense secretary, a key step toward making the retired Army general the first Black leader of the Pentagon.
- Allies of Italian Prime Minister Giuseppe Conte are raising the specter of early elections to win over lawmakers as the premier struggles to patch together backing for his minority government.
Pop quiz, readers (no cheating!). Which nation's king is seeking to burnish his image after political and economic instability spawned unprecedented demands for reform of the monarchy? Send your answers to balancepower@bloomberg.net And finally ... It may be the oil market's worst-kept secret: Millions of barrels of Venezuelan heavy crude, embargoed by the U.S., have been going surreptitiously to China. As Lucia Kassai reports, the cat-and-mouse games that avoid detection and sanctions include ship-to-ship transfers, shell companies, silenced satellite signals and "doping" the oil with additives so it can be sold without a trace of its Venezuelan roots.  An oil refinery in Puerto Cabello, Venezuela. Photographer: Meridith Kohut/Bloomberg | 
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