BT and Microsoft announced on Thursday a new strategic partnership aimed at helping businesses in the UK and globally recover from the coronavirus pandemic.
The alliance will focus on enterprise, industry-focused services and cybersecurity in sectors ranging from digital manufacturing to health.
BT already has a portfolio of Microsoft cybersecurity services but more will now be collaboratively designed and launched. They will be focused on helping companies remain cybersecure in the new era of working from home spawned by Covid-19.
BT will also work closely with Microsoft to develop distinct security propositions to defend customers' operations across the cloud, as well as its own IT estate.
"BT and Microsoft are at the forefront of innovation in global digital platforms and connectivity that will take technology and communication beyond limits," said Bas Burger, CEO of Global at BT and executive sponsor of BT's partnership with Microsoft.
"This partnership will ensure all of Microsoft's solutions work 'Best on BT' and support both companies' commitments to improving digital skills in the community."
Omar Abbosh, corporate vice president of industry solutions at Microsoft, called the partnership "the start of an exciting, shared journey of innovation and collaboration that will shape the future of telecoms".
BT announces better-than-expected first-quarter results
The telecoms giant also reported a better-than-expected 3 per cent rise in adjusted first-quarter earnings.
The company, which aims to build fibre connections to 25 million homes by the end of 2026, reported adjusted core earnings of 1.87 billion pounds ($2.61 billion) on revenue of 5.07 billion pounds, down 3 per cent and short of market expectations, for the three months to the end of June.
Chief Executive Philip Jansen said the results were overall in line with the company's expectations, with a good performance in Britain offsetting challenging conditions in markets for its global unit, which mainly serves multinational companies.
"With trading conditions expected to see some improvement through the year, we have confirmed our outlook and remain confident that BT is on a path to growth," he said.
The market appeared less sanguine with BT's share price down 6 per cent in early morning trading on Thursday.
Cinco in numbers
Dh3.7 million
The estimated cost of Victoria Swarovski’s gem-encrusted Michael Cinco wedding gown
46
The number, in kilograms, that Swarovski’s wedding gown weighed.
1,000
The hours it took to create Cinco’s vermillion petal gown, as seen in his atelier [note, is the one he’s playing with in the corner of a room]
50
How many looks Cinco has created in a new collection to celebrate Ballet Philippines’ 50th birthday
3,000
The hours needed to create the butterfly gown worn by Aishwarya Rai to the 2018 Cannes Film Festival.
1.1 million
The number of followers that Michael Cinco’s Instagram account has garnered.
What is Reform?
Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.
It was founded in 2018 and originally called the Brexit Party.
Many of its members previously belonged to UKIP or the mainstream Conservatives.
After Brexit took place, the party focused on the reformation of British democracy.
Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.
The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.
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The 12 breakaway clubs
England
Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur
Italy
AC Milan, Inter Milan, Juventus
Spain
Atletico Madrid, Barcelona, Real Madrid
The smuggler
Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple.
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.
Khouli conviction
Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.
For sale
A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000
- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
Company Profile
Name: JustClean
Based: Kuwait with offices in other GCC countries
Launch year: 2016
Number of employees: 130
Sector: online laundry service
Funding: $12.9m from Kuwait-based Faith Capital Holding
Super 30
Produced: Sajid Nadiadwala and Phantom Productions
Directed: Vikas Bahl
Cast: Hrithik Roshan, Pankaj Tripathi, Aditya Srivastav, Mrinal Thakur
Rating: 3.5 /5
Difference between fractional ownership and timeshare
Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.
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Who was Peter Glaser?
- Dr Peter Glaser was a Czech-born space tech pioneer who moved to the United States in 1948 where he studied mechanical engineering at Columbia.
- He is best known as the inventor of the Solar Power Satellite, a concept which he presented in the journal Science in 1968 under the title Power from the Sun: It’s Future.
- Five years later, he was granted a US patent to supply power from space, however it was considered too large to launch economically from Earth.
- It was suggested it could be constructed in space, using lunar and asteroid materials, by a team permanently based in space, but it was never put into practice.
- He was project manager for the Apollo 11 ‘Laser Ranging Retroflecter Array’ which was installed on the moon in 1969.
- He served on several Nasa committees and was inducted into the Space Technology Hall of Fame in 1996.
- He died in 2014, aged 87
UAE currency: the story behind the money in your pockets
ICC Awards for 2021
MEN
Cricketer of the Year – Shaheen Afridi (Pakistan)
T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)
ODI Cricketer of the Year – Babar Azam (Pakistan)
Test Cricketer of the Year – Joe Root (England)
WOMEN
Cricketer of the Year – Smriti Mandhana (India)
ODI Cricketer of the Year – Lizelle Lee (South Africa)
T20 Cricketer of the Year – Tammy Beaumont (England)
Killing of Qassem Suleimani
The National in Davos
We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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