SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K
                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


         Date of report (Date of earliest event reported) March 5, 2001


                            Global Technologies, Ltd.
             (Exact Name of Registrant as specified in its charter)


         Delaware                      0-25668                   86-0970492
(State or other jurisdiction         (Commission                (IRS Employer
    of incorporation)                File Number)            Identification No.)


The Belgravia, 1811 Chestnut Street, Suite 120, Philadelphia, PA         19103
          (Address of Principal Executive Offices)                    (Zip Code)


       Registrant's telephone number, including area code: (215) 972-8191


        (Former Name or Former Address, if Changed Since Last Report)

                    INFORMATION TO BE INCLUDED IN THIS REPORT

ITEM 5. OTHER EVENTS.

     Global  Technologies,   Ltd.'s  majority  owned  subsidiary,   The  Network
Connection,  Inc.  (Nasdaq:  TNCX) announced  yesterday that it has re-evaluated
certain  aspects of its business and will be focusing its efforts on The Network
Connection,  Inc.'s  operations  in the United  Kingdom  and  discontinuing  and
suspending its domestic  operations.  The Network Connection,  Inc.'s management
has determined that the international  inter-city passenger rail market provides
The Network  Connection,  Inc. with the business  opportunity  with the greatest
upside  potential.  In light of this  opportunity  and The  Network  Connection,
Inc.'s  limited  financial  resources,  the  announcement  stated that effective
immediately  The Network  Connection,  Inc. is closing  certain of its  US-based
operations - which supported the cruise ship,  education and corporate  training
markets - and suspending the hotel operations.  The Network  Connection,  Inc.'s
management determined, given the current financial condition of the company that
these  markets  were too  expensive  to continue to pursue.  This  decision  has
allowed The Network Connection,  Inc. to eliminate a very large supporting staff
and  corresponding   overhead  expense.   TNCI-UK's  inter-city  passenger  rail
operation will continue from its current location in Derby, UK.

     Attached  as Exhibit  99 to this  Report on Form 8-K is a copy of the press
release  issued by The  Network  Connection,  Inc.  on March 7,  2001,  which is
incorporated herein by reference.


ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

     (c) Exhibits.

         99 - The Network Connection Press Release.

                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                        GLOBAL TECHNOLOGIES, LTD.


Dated: March 8, 2001                    By: /s/ Irwin L. Gross
                                            ------------------------------------
                                            Name:  Irwin L. Gross
                                            Title: Chief Executive Officer