"Two decades ago, Google became the darling of Silicon Valley as a scrappy start-up… That Google is long gone."

That was the cutting statement from the U.S. Department of Justice, as it launched competition and monopoly charges against one of the first and largest internet giants. 

The complaint alleges that by pre-loading devices with its technology, Google stifles competition from other web service providers. 

Elsewhere in the tech world, PayPal has launched a crypto service for its customers, meaning they can exchange Bitcoin and other cryptocurrencies with their PayPal wallet. Consumers can't yet buy goods from shops with them, but that functionality is planned for early next year.

Many large firms have released their third-quarter or end-of-year results today. Highlights include Netflix, which is still growing – but not quite as quickly as during widespread lockdowns – and Manchester United, which has lost a large sum. 

As a Manchester City fan I cannot comment any further, however much I would like to. 

Finally, have you ever wondered how your commute compares with that of your colleagues? In today's graphic I show how most European work journeys are around 20 to 30 minutes long, apart from a few outliers. Scroll down to see my heatmap. 

Happy reading, 

Patrick Atack

Digital business correspondent 

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The U.S. government has filed a blockbuster lawsuit accusing Google of maintaining an "illegal monopoly" in online search and advertising in the country's biggest antitrust case in decades – opening the door to a potential break-up of the Silicon Valley titan. The suit said long-term agreements requiring that Google search be pre-loaded on devices and making it impossible to delete some of its apps are illegal. 

Cathay Pacific Airways will close low-cost Cathay Dragon airline and eliminate approximately 8,500 positions across the Cathay Pacific Group, the carrier said. The estimated 8,500 positions to be eliminated account for around 24 percent of the Group's established headcount of 35,000. Among them, 5,300 Hong Kong-based employees and 600 overseas employees will "be made redundant in the coming weeks," the company said. 

PayPal has joined the crypto-economy with a move today to allow customers to use Bitcoin and other non-traditional digital currencies in their online wallet. At the moment, this means cryptocurrencies can be used in private payments and transfers, but from early next year customers will also be able to use them to buy from the 26 million-strong PayPal merchant network. 

Leading film and TV streaming firm Netflix has released its latest results, showing that, while its customer growth targets should be hit, new subscribers have dropped slightly in the latest quarter. As in life, though, all is relative with Netflix – and it still added 2.2 million new customers. The U.S.-based firm's Asian audience is also growing, but the U.S. is still the most valuable region for it. 

Nestle, the world's biggest food group, also released quarterly results, which show the global manufacturer and distributor increased its sales by nearly 5 percent. Pet food, coffee and health food products led the charge and offset the slump in supplies to restaurants and cafes. 

One of the world's richest football clubs, Manchester United, revealed its full financial year results - and despite a win on Tuesday against European rivals Paris St Germain, the company lost $30 million in the past 12 months. The club, like almost every other professional sports team on the planet, has suffered losses thrust upon it by the pandemic, which mainly stem from having to play in empty stadiums and thereby losing huge sums in gate receipts. 

Swedish telecoms and mobile firm Ericsson said its year-on-year adjusted sales for the quarter were up 7 percent, thanks mainly to good 5G product sales in Asia. But overall net sales, while still growing, were limited to 1 percent growth on the year. 

It's been a mixed quarter for the UK's Metro Bank, which reported a hike in lending in the third quarter, but warned its capital reserves are significantly below levels expected and required by regulators in London. The bank said it lost $316 million in the first half of the year amid the pandemic and lockdown.

The European Automobile Manufacturers' Association, which represents brands such as BMW, Toyota and Fiat, has written to the European Union to request it takes a softer approach to post-no-deal-Brexit trade with the UK. It warned aspects of the bloc's current position are "not in the long-term interests of the EU automotive industry."

Famous billionaire Warren Buffett's conglomerate Berkshire Hathaway has agreed to settle with the U.S. Treasury for $4.1 million after the government department alleged a Turkish unit of the company's metalworking subsidiary Iscar sold tools with the knowledge they would be resold in Iran and therefore breaking the trade embargo on Tehran. 

In the first half of the financial year, the UK government has borrowed six times the amount it was borrowing before the pandemic struck. In September, the UK Treasury borrowed $46.90 billion, exceeding all expectations. It means UK public debt is now 103 percent of GDP, the highest figure since the 1960s.

WATCH: As part of an ongoing international research program to model the relationship between our oceans and the climate crisis, scientists aboard the RRS Discovery have headed to subpolar waters near Iceland to fine-tune the testing of how these currents fluctuate.

Craig Featherstone is a Savile Row tailor in London. He's the owner of Featherstone London and company director for Henry Poole, and talked to CGTN Europe about the state of his industry while so many people remain working from home, and what the future holds. 

Firstly, the big question – will the suit survive lockdown?

I think the suit will definitely survive. For years I've been told and many people have said that the suit is dying. It hasn't happened yet. I think there will always be a time for people to wear suits. 

Are you worried your customers might have got used to wearing casual clothes working at home?

If people cared about their appearance before and they like to dress up and they like to wear suits, they're going to want to do that again. 

In fact, they can't wait to do it again because they've been so long at home during the pandemic wearing comfort clothes and stuff like that. I know I was excited to go and put the suit back on again. I was sick of shorts and tracksuit bottoms and stuff like that. It's great for comfort, but it doesn't make you feel good. 

What gives you that confidence?

Regardless if you're a man or woman, you if you want to dress to impress, if you're going to a job interview or something like that, you're always going to want to, you know, make that little bit of effort and look smart.