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EUROPEAN BANKS AND BUSINESSES RESTORE OPERATIONS AFTER GLOBAL MICROSOFT 365 OUTAGE DISRUPTS EMAIL, TRADING AND CORPORATE COMMUNICATIONS

European banks, exchanges, insurers and major companies are returning to normal operations after a global Microsoft 365 outage disrupted Outlook, Exchange Online, Teams and other services for more than a day. Euronext instructed listed companies to use telephone communications, Aviva activated backup arrangements, British banks launched incident teams and Maersk directed customers with urgent matters to call while email was unreliable. Microsoft attributed the disruption to server problems, said it found no known malicious activity and reported that services were stabilizing as broader fixes were deployed.