Using classic Outlook for Windows in business environments
Found the solution:
Close the Outlook Desktop App. Go to Start -> Settings -> Control Panel -> Mail -> User Mail Accounts. Select Accounts, mail *********@outlook.com (By default send mail from), select Change upside, Different options -> Microsoft Exchange window -> Additionally -> Unselect checkbox "Use precaching Exchange" and "Download shared folders". Hit "Apply", "Ok".
Open the Outlook App.