A series of technical problems caused disruptions to services at airlines, banks and the London Stock Exchange on Friday, marking an unusual string of outages that spread from the United States to Asia following the disruption of online services reported by Microsoft Corp.
The initial problems surfaced in the U.S. late on Thursday and were due to a malfunction in Microsoft’s services, including Azure and 365. Denver-based Frontier Airlines, a subsidiary of Frontier Group Holdings Inc, halted flights for more than two hours, citing problems with Microsoft’s online services. The airline began resuming flights at 11 p.m. New York time.
LSE Group, which runs the London Stock Exchange, said it had encountered a global technical problem that prevented it from publishing news. In Asia, Japanese users began reporting problems with services such as Microsoft 365 – the company’s cloud-based office software – in the afternoon.
Airlines at airports in Mumbai and Hong Kong resorted to manually checking in passengers because of the outages.
These recent outages also followed shortly after Microsoft said it had fixed a crash in its Azure cloud services.
Previously, the company’s status page stated that Azure and Microsoft 365 had experienced several hours of problems.
A spokesperson for Microsoft said the company is investigating the reported issues.
As global sanctions continue to isolate Russia from traditional financial networks, the country’s top financial bodies — the Central Bank and the Ministry of Finance — are preparing to launch a government-backed cryptocurrency exchange.
Following the April 14 exploit that disrupted operations, KiloEx has revealed a compensation plan for impacted users. The plan covers three core groups: traders, Hybrid Vault stakers, and VIP users.
Ripple Labs quietly emerged as one of the largest financial backers of Donald Trump’s presidential inauguration, contributing nearly $5 million just months before federal regulators began softening their stance toward the company.
Amid rising regulatory pressure and political uncertainty in South Korea’s crypto sector, Bithumb is restructuring its business in a strategic move ahead of a planned IPO.