Hard Numbers: Guess Which Industry will be Worth $13 Trillion by 2050

9.7 billion: A new UN Population Division report projects that the global population will hit 9.7 billion by 2050, up from the current 7.7 billion. Most of that population growth will come from sub-Saharan Africa, which is expected to add another billion people over the next three decades.

13.3 trillion: In other projections to the year 2050, energy trackers at BloombergNEF estimate that the 62% increase in electricity demand over the next three decades will bring in $13.3 trillion in new investments, with $5.3 trillion going to wind and $4.2 trillion to solar. That's a lot of power but sweeping policy changes will still be needed to hit global climate targets.

9,000: Bitcoin, the world's original cryptocurrency, surged past $9,000 this week to a 13-month high following the news of Facebook's plan to launch its own digital currency and payment system. The prospect of the world's biggest social network moving into the crypto space has seemingly legitimized an industry that's been struggling with growth problems, fraud, and volatile prices.

1,232: Local authorities in Berlin this week approved a plan to freeze rent hikes in the city for the next five years as the German capital has become a major destination for European job seekers. Currently, the average monthly rent in Berlin is about $1,232, a 7% jump over the first three months of this year.

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Tensions in the Middle East escalate as Israel launches a surprise military strike against Iran, prompting international concern and speculation about broader conflict. In his latest Quick Take, Ian Bremmer calls Israel’s strike on Iran “a huge success for the Israelis” and a significant blow to Iran’s regional influence.

Iranian policemen monitor an area near a residential complex that is damaged in Israeli attacks in Tehran, Iran, on June 13, 2025.
Morteza Nikoubazl/NurPhoto

Israel bombed Iran’s nuclear facilities Thursday night, causing “significant damage” at the country’s main enrichment plant, killing leading Iranian military figures and nuclear scientists, and sparking fears that the Middle East is on the verge of a wider war.

A tank on display at a park in Washington, D.C., on June 12, 2025, two days ahead of a military parade commemorating the U.S. Army's 250th anniversary and coinciding with President Donald Trump's 79th birthday.

Kyodo via Reuters Connect

The official reason for this weekend’s military parade in Washington DC is to commemorate the 250th anniversary of the US Army – but the occasion also just happens to fall on President Donald Trump’s 79th birthday.