The goal of the profession and the Government is to activate and employ the domestic labor force. A more appropriate solution for employers in tourism is a domestic worker for whom there is no need for demanding administration, providing accommodation if it is someone from the local area, and which completes the authentic experience in Croatia for the end guest. “We certainly welcome measures such as dual education, the promotion of vocational occupations in tourism and a possible future reduction in the wage burden as well as tax relief in tourism that would ensure more competitive wages for those in the EU, but we need help now., “Said Žgomba and added that an urgent solution is needed by approving an additional quota of foreign workers for tourism because we are questioning the viability of the branch that carries over 20 percent of GDP. RESPONSE OF THE MINISTRY OF LABOR AND PENSION SYSTEM TO THE EMPLOYER’S APPEAL IN TOURISM: EMPLOYERS CONTACT CES RELATED NEWS: The appeal for the workers was joined by travel agencies, which emphasize if workers fail to reach an agreement with several employers, that they should be deleted from the CES records because they represent a brake on the employment of those who really want to work – UHPA and UPA HGK point them out. “We ask the CES to send those 4.000 unemployed, of which 1.600 on the coast, who are available for work in the season and have expressed a desire to work in the season, immediately and within three days to employers in tourism who lack labor, and if not manage to reach an agreement with several employers, please delete them from the CES records because they are a brake on the employment of those who really want to work”Said Boris Žgomba, president of the Association of Travel Agencies of the Croatian Chamber of Commerce. HUT AND HUP APPEAL: URGENTLY MAKE A DECISION TO INCREASE QUOTAS BECAUSE THERE ARE NO WORKERS AND THE SEASON IS IN DANGER UPA HGK and UHPA are leading professional associations in tourism that represent the interests of over 1800 registered companies for the activities of travel agencies and tour operators, employ over 6 thousand people and contribute to the realization of approximately 15 million overnight stays. Travel agencies also joined the appeal for workers, and due to the burning problem of labor shortage, Croatian tourism is threatened by the impossibility of opening part of the facilities, as well as the deterioration of the quality of service. “Tourism is still an industry of experiencing and transmitting local experience, and man is the key to success in tourism,Fain emphasizes. However, we have been facing for a long time that there are no such workers, and the structural solutions that are being implemented or announced are solutions that will give results in a longer period of time. WILL WE FINALLY INTRODUCE THE SLOVENIAN MODEL FOR IMPORTING FOREIGN WORKERS FROM NEXT YEAR? Insane technical problems with the registration of foreign workers The lack of quality and qualified workforce and the consequent decline in the quality of service in the hotel and catering industry will also be felt by travel agencies, whose quality of offer largely depends on that of other actors in tourism. They have the same attitude in the Association of Travel Agencies of the Croatian Chamber of Commerce (UPA of the Croatian Chamber of Commerce). Both professional associations welcome electronic applications, but administration remains a problem. The processing of applications for the employment of a foreign worker takes several weeks, which is too long, especially for facilities where the season lasts only 12 weeks. “Professional associations support the efforts of the Government and the Ministry of Labor and Pension System, as well as activities such as Tourism Job Day, providing retirees with part-time work and increasing quotas in 2019, but as these measures do not solve the problem because over 5 workers are missing“Points out Tomislav Fain, President of the Association of Croatian Travel Agencies (UHPA)
As a result, Spirit, which builds the fuselages for the MAX, will place workers at its Wichita factory working on the plane on a 21-day unpaid furlough starting on Monday. Local media said the move will affect 900 workers.Spirit said it was also undertaking an “immediate reduction” of the hourly workforces in Tulsa and McAlester, Oklahoma.The MAX has been grounded since March 2019 following two deadly crashes that resulted in 346 fatalities.Boeing had been targeting mid-2020 to win regulatory approval for the MAX, but has more recently said it expects commercial deliveries to resume during the third quarter.A Boeing spokesman declined to comment on the timing of a certification flight, a key step in Federal Aviation Administration (FAA) approval process.”We are continuing to work closely with the FAA and global regulators on the rigorous process to safely return the 737 MAX to service,” the Boeing spokesman said.Topics : Spirit AeroSystems, a major contractor on the 737 MAX, will furlough staff after being directed by Boeing to pause work on the embattled plane, Spirit announced late Wednesday.Boeing told Spirit to suspend additional work on four 737 MAX planes and to avoid starting production on 16 others scheduled to be delivered in 2020, Spirit said.Spirit is taking the actions “in order to support Boeing’s alignment of near-term delivery schedules to its customers’ needs in light of COVID-19’s impact on air travel and airline operations, and in order to mitigate the expenditure of potential unnecessary production costs,” Spirit said.
Gov. Wolf Renews COVID-19 Disaster Declaration for State Response and Recovery, Stay-at-Home Order Ends June 4 SHARE Email Facebook Twitter Press Release, Public Health Governor Tom Wolf today renewed the 90-day disaster declaration he originally signed on March 6 following the announcement of the first two presumptive positive cases of COVID-19 in the commonwealth. The declaration was set to expire on June 4.The emergency disaster declaration provides for increased support to state agencies involved in the continued response to the virus and recovery for the state during reopening.“Pennsylvanians have done a tremendous job flattening the curve and case numbers continue to decrease,” Gov. Wolf said. “Renewing the disaster declaration helps state agencies with resources and supports as we continue mitigation and recovery.”The Department of Health’s Department Operations Center at the Pennsylvania Emergency Management Agency is still active as is the CRCC there.Also today, Gov. Wolf announced that he would allow the amended stay-at-home order to expire at 11:59 p.m., June 4. The-stay at-home requirements were only in effect for counties in the red phase.“As phased reopening continues and all 67 counties are either in the yellow or green phase by Friday, we will no longer have a stay-at-home order in effect,” Gov. Wolf said. “I remind Pennsylvanians that yellow means caution and even in the green phase everyone needs to take precautions to keep themselves and their communities healthy.”Read the amendment to the emergency disaster declaration here.Ver esta página en español. June 03, 2020
IPE’s Martin Steward wonders whether a habit of thought is developing that fails to recognise ‘stranded’ portfolio carbon assets as a risk and starts to regard them as a certaintyThere was a lot of talk about ‘de-carbonising’ investment portfolios through programmes of divestment, off the back of the recent UN Climate Summit.Sweden’s AP4 announced that it was leading the Portfolio Decarbonisation Coalition (PDC), with the aim of shrinking the carbon footprint of $100bn (€78bn) of institutional investment worldwide. PFZW committed to reducing the carbon footprint of its entire portfolio by 50%, based on data from Sustainalytics, MSCI, South Pole and Trucost. A growing number of investors, including CalPERS, the London Pensions Fund Authority (LPFA), VicSuper and ERAFP are taking steps to measure the carbon footprint of their investments. MSCI recently added Global Fossil Fuels Exclusion indices to its existing roster of low-carbon benchmarks.Are they doing this because it is the right thing to do? No: they are doing it, the argument goes, because it represents the prudent risk management that any financial fiduciary should practice. The logic tends to be expressed as follows. Carbon emissions, largely as a result of the use of fossil fuels, are behind the dangerous rising temperatures in the global climate. It is simply not possible for carbon to be emitted at the current rate and for life to persist as it is. Notwithstanding current debates, that means there is no option but to cut carbon emissions – either via regulation and legislation to make emissions prohibitively expensive, or simply by a free market re-pricing to reflect the true cost of those emissions. It is imperative investors start to think about the risk of that re-pricing to the inherent value of the companies whose stock they hold in their portfolios. I think this logic is unimpeachable. But I worry that a habit of thought is developing that fails to recognise this as a risk and starts to regard it as a certainty. Listen to the debate, and it often seems there are certain sectors, businesses and manufacturing processes for which emitting a lot of carbon is essential.But that simply isn’t the case. Certain enterprises require a lot of energy, and, given our current energy mix, that does mean a lot of emissions and a big carbon footprint. But change the energy mix, and those businesses can continue, as they were, unabated. Losing exposure to them represents a potentially huge downside risk should their energy mix change.That’s the point, argues the fossil fuel-divestment lobby. Vote with your investment euros today, and you incentivise that change in energy mix tomorrow, and contribute to making the companies in question more sustainable.But that doesn’t make any sense in risk-management terms. Removing your money protects you from the risk that the company doesn’t change and goes out of business. But it leaves you exposed to the risk that the company does change – because when that change happens, it will be priced-in by the discounting mechanism that is the market, and you will be left on the outside looking in. You’ve just replaced one risk with another, so you need to have a clear idea of which risk you believe is the greater, in terms of both probability and impact on your portfolio.But even then we would be assuming the energy mix has to change. This is the thinking behind the idea that fossil-fuel extraction companies are massive owners of ‘stranded assets’ – oil and coal deposits that will stay underground because it is simply not feasible to burn them for energy above ground. But there are potentially lots of ways material can be utilised above ground without burning it and emitting carbon.Even before we start to speculate about technologies that could enable us to generate energy from fossil fuel without emitting carbon into the atmosphere, there are a whole range of industrial uses – in chemicals, plastics and fertilisers – that do not emit carbon. The term ‘fossil fuels’ obscures this non-energy and power aspect of what oil and gas companies pull out of the earth.Admittedly, the market does not currently appear to be pricing these eventualities into oil and gas stocks. Today’s prices have more to do with damaging subsidies we could all do without. But the risk-management question is, ‘How will I know when present values have stopped pricing-in these unsustainable cash flows and started pricing-in sustainable cash flows?’ Until you know the answer, you cannot manage the ‘stranded asset’ risk – a risk, not a certainty – by divesting.I’m no expert in any of this. You’d need, say, a professor of energy engineering for that. Enter Paul Younger, who occupies the Rankine chair of engineering at Glasgow University. He recently made it known that he was “utterly dismayed by, and vehemently opposed to, the decision of our University Court to divest from fossil fuels”, which he called “collective intellectual dishonesty” because it ignored the submission of the School of Engineering (adopted as the position of the entire College of Science and Engineering) on this investment question.The School of Engineering observed that there are no viable alternatives to fossil fuels yet available at scale, and that divestment would make it difficult for the academic sector to engage with the industry to achieve that objective. Such engagement is essential, it said, because the skills and facilities of the fossil fuels industry are indispensable to the development of carbon capture and storage, which the IPCC has cited as a necessity for the attainment of decarbonisation targets. And in any case, it added, fossil fuels are essential in food production, pharmaceuticals, chemicals and plastics that do not emit carbon.For good measure, Younger decried the “dishonesty” and “gesture politics” that saw the university divest from fossil fuel companies at the same time as it is planning a new gas-fired combined heat and power system.Many pension funds do recognise these risks behind the ‘de-carbonising’ rhetoric. APG, for example, has chosen to double its investments in sustainable energy over the next three years rather than divest from fossil fuel industries. A spokesperson starkly dismissed the ‘stranded assets’ argument with the simple observation that “oil and coal will still be needed for a long time”.But this approach makes sense in a lot of other ways, too. While the clean-energy play might expose APG to the risk of fossil fuel energy production becoming much cleaner, the fund mitigates that risk by staying exposed to fossil fuel companies while also investing in technology that would be valuable in its own right, and not just as an alternative to fossil fuels.The last time I checked, this sort of thing – ‘diversification’ – was the essence of portfolio risk management. The avoidance of hypocrisy is merely an added bonus.
The CHF33.1bn (€27bn) Swiss first pillar fund AHV has returned 7.1% for 2014, but admitted that its 2015 year-to-date performance was dampened by recent Swiss National Bank (SNB) actions. According to a presentation held in Zurich today, the selective currency hedging strategy as part of a currency overlay in place since 2002 has saved the AHV and its subfunds for invalidity as well as military service compensation from losing 3.54% of its assets in January – after the SNB cut the peg to the euro, wiping an estimated CHF30bn off pension savings. On the other hand, the unhedged part of the portfolio suffered a 1.5% drop in return in January bringing the overall performance for the month down to -0.5%.Marco Netzer, president of the AHV noted the fund’s hedging strategy helped “contain losses despite the large share of foreign investments in our broadly diversified investment portfolio”. If unhedged, the AHV would see 27% of its currency risk stem from investments in US dollars, 12% from euro holdings, 3% from British pound and another 12% from other currencies.After hedging into Swiss francs, its currency exposure fell to to 6% for dollars, euro and other currencies, respectively, and stood at 1% for the British pound.However, the AHV, which is also known as Compenswiss, pointed out the “future challenges are less linked to the currency market than to the impact of negative interest rates on institutional asset management in Switzerland and other countries”.While the AHV is exempt from the negative interest collected by the SNB on accounts banks, it can still be affected by negative rates introduced by custodians such State Street or BNY Mellon due to its euro-denominated deposits.But in its presentation the first pillar fund pointed out currently 75% of its assets were managed in Switzerland or by Swiss-based asset managers.Given the nature of the fund’s cashflow it has a high share of cash – which is not included in the return calculations – of monthly income and outflows of CHF4.5bn amounting to 15% of total assets.Read how FX hedging impacted performance at other Swiss funds
Further alternatives strategies and basic assumptions were also updated from the BVG 2005 index group.Based on these older indices, Swiss Pensionskassen portfolios would have returned between 1.2% and 0.6% last year.Irrespective of which index a pension fund benchmarked its asset allocation against, returns are most likely to be below 1% for 2015.In mid-December 2015, the consultancies Aon Hewitt and Libera AG issued an updated version of technical parameters to be applied by Pensionskassen when calculating longevity risks.The calculations for the update to the 2010 parameters were based on data provided by 15 large independent Pensionskassen.They showed that life expectancy for 65-year-old men had increased by 0.8 years since 2010 to just under 20 years, and by 0.5 years for women of the same age to almost 22 years.The consultancies have also updated the assumptions for Pensionskassen applying generation tables to calculate longevity risks.The latter predict an even higher increase in longevity, especially for generations already in retirement or shortly before retirement – particularly for men. Swiss pension fund portfolios using Pictet’s BVG 2015 benchmark index returned between 0.11% and 0.48% over the course of 2015, according to the Swiss bank’s estimates.The higher returns were achieved by the portfolios with a lower equity exposure of 25%, while those with a high allocation of 60% fared worse.In 2015, Pictet – which has been calculating benchmark indices for Swiss Pensionskassen since the implementation of the mandatory system in 1985 – updated its index family for the second-pillar BVG, named after the law governing it.The new index group for equity exposures of 25%, 40% and 60% introduced a more differentiated view on fixed income portfolios, including, for example, emerging market debt as a separate sub-asset class.
Hong Kong-listed Brightoil Petroleum (Holdings) Limited has accumulated around USD 250 million of total creditor claims.The group is engaged in upstream oil and gas resources exploration as well as marine transportation, oil storage and terminal facilities and international trading and bunkering business.The management of the company said that the group has sufficient cash flow to maintain its normal operation, however, the company is working on the potential debt reorganization scheme as creditors start to take their claims to courts.“Under the guidance and coordination of the People’s Bank of China and following the principles of mitigating risks and supporting enterprise development, a committee led by a key financier of the group is in discussion with the group to advance the formulation of the debt reorganization plans. It is anticipated by the management of the group that debt reorganization or new financing can be arranged after the due diligence which is in progress and further discussions with the group,” Brightoil said in a regulatory filing.As informed, debt reorganization plans include renewal of existing credit facilities, takeover of existing loans by certain key financiers and/or disposal of assets of the group for raising capital to pay off a portion of the existing debts and enhancing the group’s liquidity.Separately, the company has, “through friendly consultation” with Broad Action Limited filed for the withdrawal of the winding up petition sought by Broad Action Limited. The petition was filed on January 8, 2019 in the High Court of Hong Kong in relation to an alleged unpaid early redemption amount in the sum of approximately USD 42 million.Due to the fact that the trading in the company’s shares has been suspended since October 3, 2017 pending, Brightoil’s ability to secure financing has been exposed to further pressure, limiting its access to capital for business and operations.“To protect the group’s business from creditors’ claims, including winding up petitions against the company or its subsidiary, the group is taking steps to pursue the debt reorganization, engaging in negotiations with creditors, and pursuing legal protection as advised,” the company pointed out.Specifically, in August 2018, a creditor commenced legal proceedings against Brightoil Petroleum (S’Pore) Pte. Ltd., an indirect wholly-owned subsidiary of the company, in the High Court of the Republic of Singapore in relation to sums allegedly due on letters of credit and short term advances.In November 2018, another creditor filed a winding up order against BOPS in the High Court of Singapore seeking in relation to an invoice and a settlement agreement.In December 2018, BOPS applied for a moratorium to restrain legal action against the company, which has been granted until March 31, 2019. It is anticipated that a further hearing before the High Court of Singapore will be held before the end of March 2019.The group said it was also negotiating with other creditors which have issued statutory demands against the company or commenced legal actions against Brightoil Shipping Singapore Pte. Ltd., another indirect wholly-owned subsidiary of the company, to try to settle the claims and get creditors’ support to reorganize the group’s debts.Brightoil added that other options to improve its liquidity are also being actively considering including sale of assets, and refinancing. These include sales of assets and/or shareholding of Zhoushan Oil Storage and Terminal Facilities.Related: Brightoil Petroleum Is Not Selling 15 Ships“The company is in discussions with potential purchasers or investors about the Zhoushan Project. Further, the group is presently in discussion with financial institutions for refinancing of its oil tankers. The management of the company believes that the debt reorganization, the sale of assets, or refinancing would provide the necessary liquidity to allow the group to protect its business, meet the creditor claims, and pursue future business opportunities,” Brightoil concluded.BOSS has a total of five VLCCs and four Aframax tankers, and six bunker barges.
Liverpool and Barcelona have held “productive talks” over the potential transfer of striker Luis Suarez, and further discussions are planned. Reds chief executive Ian Ayre met officials from the Catalan club on Wednesday as the Primera Division side made their opening move in their bid to take the Uruguay international to the Nou Camp. Initial dialogue appears to have been positive and it is seen as a significant step forward, with another meeting scheduled to take place to continue the negotiations. Press Association On Tuesday, sporting director Andoni Zubizarreta spoke in complimentary tones, suggesting “he has the necessary quality to play for Barca”, and the club then followed that up with a request for a meeting with Liverpool chief executive Ian Ayre. While that was taking place, Barcelona president Josep Maria Bartomeu dropped more hints that they wanted to make the Uruguayan their major summer signing. “I announced months ago that the team would undergo a deep renovation but we cannot reveal details because we don’t want to give clues away to any of our rivals,” Bartomeu told a press conference. “Our representatives are constantly travelling to other countries because of potential signings. “Suarez is a Liverpool player so I can’t talk about him – he belongs to another team, a rival team. But we are all football men, and saying sorry is honourable, it helps the competition. “He did something that wasn’t right, so it’s the responsibility of everyone in football, be it Liverpool or anywhere else, to remember that he has said sorry. “Admitting you have done something wrong is very important. “Luis has apologised and that is honourable. He’s taken a step towards rehabilitating. The football world should support him and help him. “As a football fan, I hope he can turn a corner.” Suarez’s FIFA suspension from all football-related activities means he would not make his debut for Barcelona until the end of October and it was expected they would use that as a negotiating tool, but, with Liverpool insistently sticking to the high-value buy-out clause inserted in Suarez’s new £200,000-a-week contract he signed in December, it appears the Catalans have little room for manoeuvre. Last summer Arsenal failed in their attempts to sign Suarez after a bid of £40,000,001 was made in the mistaken assumption that would trigger his release, when it actually only entitled them to begin negotiations. Since then Liverpool have moved to make Suarez’s contract situation more definitive in terms of the price of his release. “The talks were productive, with sensible expectations on both sides,” an Anfield source told Press Association Sport. “Further talks and discussions will take place in due course. Nothing is finalised as of now.” Liverpool were adamant before negotiations began that they would not sell Suarez for less than the value of his confidential buy-out clause, believed to be anywhere between £70million and £80million. The club are confident after Wednesday’s discussions that a deal can be done in line with their valuation. Barcelona have the option of offering Chile forward Alexis Sanchez as a makeweight in negotiations and it is understood at this stage negotiations are taking place considering both options: a straight money deal and also the option of a player-plus-cash alternative. The latter would seem more likely but that depends on Sanchez, with the suggestion in Spain he is not that keen at this point on a move to England. Suarez is currently banned for four months for biting Italy’s Giorgio Chiellini at the World Cup. However, following the 27-year-old striker’s apology – which Barca are thought to have had a major influence in procuring – the Spanish side have stepped up the charm offensive as they began to lay the foundations for a move.
The Blues battled to a goalless draw at the Emirates Stadium on Sunday afternoon to take a step closer to the Barclays Premier League title, which they can secure later this week with victories over Leicester and then Crystal Palace. Both manager Jose Mourinho and captain John Terry rejected chants of “boring boring Chelsea” from sections of the home supporters during the closing stages of the match as the west London club edged towards their goal of being crowned the best side in England. Press Association “Yes, I think we can (be closer with Chelsea in the title race next season),” the France forward said. “Hopefully we will have less injuries and if we keep this group, with maybe one or two new players coming in, we can have a great season. “I know we can still improve as we have been doing since I signed. I am proud about it and pleased with that. “I just want to carry on like that and I know if we keep our best players, this determination and team spirit, I am sure we are going to join the championship race.” Henry suggested Arsenal need to bring in a “top-quality striker” if they are to become title contenders. Giroud has scored 18 goals this term, despite missing three months with a broken leg. “Mental strength is hugely important when you are a football player and even more as a striker. You have people who doubt your abilities and you have to believe that you can always come back,” the former Montpellier frontman said. “If you miss chances in one game, it is not because you have lost your talent or your belief. You have to be faithful to your qualities. That is part of being a player, being strong in your head. “In football you have to question yourself every week, be ready in your head and you have to be 100 per cent determined if you want to keep going in the games.” Arsenal are in third place following Manchester City’s win over Aston Villa on Saturday, but do have a game in hand. The Gunners are not in action again until the trip to Hull on Bank Holiday Monday. Giroud added: “It has been a few years since Arsenal finished second and, if we can do it, we can see an improvement. “But the championship is not finished, which is why we need to focus in the last five games. “We need to finish in second and win the FA Cup, and then it will be a great season.” Arsenal striker Olivier Giroud believes Chelsea are “pleased” with the way they play – and reckons neither club will be ready to change their football philosophy in the quest for success again next season. Giroud accepts, given Chelsea’s healthy 10-point lead, that the end looks to have justified the means – even if it is an approach which Arsene Wenger’s squad would not embrace. “I did not hear (the fans’ chants), because I do not understand most of the time, so I ask my English team-mates. Boring? I don’t know, but there is the table who speaks for them,” the 28-year-old said. “It is true maybe they are not (playing) the same game as us, but we are not going to change our game and I think they are not going to change their game. “I think they are pleased with that and, if they are champions, what can you say?” Despite a superb run of form in the second half of the campaign, Arsenal are left paying a heavy price for their slow start which returned just two victories from the first eight league matches. Former Gunners captain Thierry Henry used his post-match media pundit role to speak about the need to “buy four players” in the summer to improve the “spine” of the team. Wenger, however, reckons there is “not a lot” between the two sides. Giroud echoed Wenger’s belief Arsenal can challenge for the championship in 2016.
Eric Dier drew parity on the stroke of half-time by hammering home at the end of a move started by the clearly offside Kyle Walker – a strike added to after the break by Toby Alderweireld and Harry Kane’s first club goal in 748 minutes. Erik Lamela coolly rounded the goalkeeper to add extra gloss to a win secured by the Premier League’s youngest line-up this season. “We are very pleased and very happy,” Spurs head coach Pochettino said. “We have big potential, we are very young. I think that today was the (our) youngest team and this is important. “The potential is massive but we need to keep the feet on the grass because you know always after a big win you need to keep your feet on the grass. “Now, this is our tough job but I am very pleased with the result. We can discuss different things but in the end I think we fully deserved the victory.” The result moved Spurs within three points of Man City and afterwards talk quickly turned to a top-four tilt. “We need to keep calm, like the shirt,” Pochettino said. “In Spain, a lot of the kids have ‘keep calm’, ‘keep calm’ on their t-shirts. Press Association Tottenham underlined their “massive” potential by comprehensively beating table-topping Manchester City, but head coach Mauricio Pochettino has told his players to keep calm and carry on. “This is true because we are very young. Now after three victories in a row in the Premier League, it is very important for us. “It is important for them to believe in the way that we play and our philosophy of how we do our job, b ut remain calm because it is only the beginning of the season and nothing has happened yet. “We have a long way ahead. We are very young and sometimes we can confuse quick.” As well as joy, there was a palpable air of relief around White Hart Lane when fans’ favourite Kane netted. The England international has struggled to scale the heights he achieved during his exquisite breakthrough season, but his reaction strike after Christian Eriksen hit the bar ended a long, frustrating drought. “It is very important for him, very important for us to help the team,” Pochettino said. “I think it was great for him to take off the pressure.” Pressure is something that is building at City after a third loss in four matches in all competitions, especially with injury problems mounting. Joe Hart and Yaya Toure are doubts for this week’s Champions League tie at Borussia Monchengladbach, which captain Vincent Kompany will almost certainly miss with a calf complaint. Things could have been so different for City had they maintained their lead, which would have been easier had offside been called when Dier and Kane scored. “It is difficult to stay despite those two goals, but I think we played very well in the first half,” City boss Pellegrini said. “We played very well but we just scored one goal and had two or three clear chances. “Really, Tottenham only had one shot on our goal in the first 40 minutes and after that they scored that clear offside goal. “And the second half, two set pieces – one of them was also offside – that decided the game. “After that they played very well, we looked very bad.” Spurs have endured a wretched recent run against Manuel Pellegrini’s side and looked like they may fall to a fifth consecutive defeat to them when Kevin de Bruyne netted. However, an impressive comeback – thanks in part to a dollop of luck – saw the north Londoners secure a surprise 4-1 victory at White Hart Lane.