@Tony Thank you for using the platform and working with our support team on the issue you had. Please feel free to revert back if you have any further queries.
Surfacing the information so that it can help for broader community members.
If the retention days are configured for the diagnostic logs sent to the storage account, it will result in back-end retention jobs to run in the background trying to access the storage account and generate the failed operation in the Activity Log. Once the retention period is passed, we should no longer receive these failed operations in the Activity Logs.