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Incoming German Chancellor Olaf Scholz is sworn in by Bundestag President Bärbel Bas in Berlin today. Photo: Sean Gallup/Getty Images

Social Democrat Olaf Scholz was sworn in as chancellor of Germany on Wednesday, succeeding Angela Merkel after 16 years and launching a new era of German and European politics.

Why it matters: Scholz, a center-left pragmatist who served as finance minister and vice chancellor in Merkel's last government, will lead Europe's largest economy in a coalition with the environmentalist Greens and pro-business Free Democrats.

The big picture: Climate change, more progressive social and economic policies, and a stronger European Union are the central planks of the Social Democratic platform.

  • The experienced former mayor of Hamburg is seen as a continuity figure for Merkel's foreign policy, which has been driven in large part by the interests of Germany's export-driven industry.
  • But Scholz's junior coalition partners are expected to push for a harder line on Russia and China, which Merkel had resisted.

Driving the news: Scholz's first trip abroad as chancellor will be to France, where President Emmanuel Macron will be eager to welcome a fellow proponent of greater EU integration and "sovereignty."

Go deeper: Why Merkel mattered

Go deeper

Biden boxed in on Ukraine

Photo illustration: Aïda Amer/Axios. Photo: Eric Lee/Bloomberg via Getty Images

The Biden administration is pushing to get Congress, Europe and Ukraine on the same page as it tries to deter Russia from invading Ukraine — all while knowing that the decisive factor will ultimately be the whims of Vladimir Putin.

Why it matters: Officials from virtually all sides are warning that the risk of a large-scale, conventional war on the European continent is greater than at any time since the collapse of the Soviet Union. Few agree on how to stop it.

Thousands without power as "hazardous" winter storm lashes East Coast

Winter view from Charlotte as winter storm Izzy creates dangerous conditions in Charlotte, N.C. on Jan. 16. Photo: Peter Zay/Anadolu Agency via Getty Images

A major winter storm was lashing much of the East Coast on Sunday, causing widespread power outages and disrupting travel over the holiday weekend.

The big picture: Heavy snow and ice accumulations are "likely to produce hazardous travel," downed trees and more power outages from the Mid-South to the Northeast, per the National Weather Service. Some parts of the U.S. can expect to see up to a foot of snow through Monday.

Updated 2 hours ago - Science

Volcanic eruption in Tonga caused "significant" damage

This satellite image of the eruption on Jan. 15 taken by Himawari-8, a Japanese weather satellite operated by Japan Meteorological Agency and released by National Institute of Information and Communications Technology (NICT). Photo: NICT via AP

Significant damage has been reported in Tonga following an undersea volcanic eruption on Saturday, which covered the Pacific nation in ash and cut off communication lines.

Driving the news: The eruption triggered tsunami warnings across Tonga's islands and in other regions, including the West Coast of the U.S. and New Zealand.