Microsoft ‘deeply sorry’ for global disruption that could have billion-dollar impact on Australia

Experts say outage exposes Australia's reliance on foreign technology' as software giant says services being restored

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The Microsoft outage could be a disaster for the Australian economy that forces some small businesses to close, with costs expected to run into the billions of dollars, experts have warned.

The US software company has said it is deeply sorry" for a widespread outage that caused disruption to millions of users, organisations and businesses across the globe - and that it has addressed the underlying issue".