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A global outage of Microsoft 365 disrupted email services, affecting various sectors including finance and government in Japan and beyond. Traders resorted to fax and phone communications to confirm transactions. The issue began in the U.S. and spread worldwide, impacting numerous organizations. Microsoft reported that the outage was due to a faulty update that overloaded servers, with no signs of malicious activity. The incident lasted over 35 hours, causing significant operational challenges and potential damages exceeding $7 billion.